4 ms·
> Energy companies drilling holes and drug company research involves paying lots of salary (which means payroll taxes, income taxes, and, well, economic growth)
by lionhearted 16y ago
> Energy companies drilling holes and drug company research involves paying lots of salary (which means payroll taxes, income taxes, and, well, economic growth).
It's a fallacy to look at the salary for non-productive endeavors without considering where it'd go otherwise. See:
http://en.wikipedia.org/wiki/Parable_of_the_broken_window http://en.wikipedia.org/wiki/Parable_of_the_broken_window
- gaius 16y agoYeah, but the context here is how much net tax revenue is raised. If SouthWest buys more airliners than Boeing hires more employees who pay more income tax. Reaganomics proved that cutting taxes rates increased tax revenue overall - because it raised economic activity across the board.