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The actual paper where you can read their analysis for yourself: http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf ht
by wffurr 6y ago
The actual paper where you can read their analysis for yourself: http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences...
That's a nice just-so story, but it's not supported by the evidence. You can read for yourself in the original paper, but the authors used a pretty sophisticated approach to measuring taxes:
" We propose an encompassing
approach that utilises Bayesian latent variable analysis on a range of different taxes and
indicators to overcome these problems. This allows us to detect shared variance across 7
indicators that are commonly used proxies for taxes on the rich (see Table A1 in the
Appendix)"
- AnthonyMouse 6y ago> That's a nice just-so story, but it's not supported by the evidence. Here is the evidence: https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S It is supported by the evidence. > You can read for yourself in the original paper, but the authors used a pretty sophisticated approach to measuring taxes: So sophisticated a model that it can measure the impact of a change in tax revenues that didn't meaningfully occur?
- wffurr 6y agoThat chart says absolutely nothing about tax rates on the rich.
- deleted 6y ago[deleted]
- AnthonyMouse 6y agoIf the rich pay most of the taxes (because they have most of the money), and taxes on the poor and middle class didn't meaningfully increase, and the total amount of taxes being paid didn't meaningfully change, what does that tell you about the amount of taxes paid by the rich?
- wffurr 6y agoAll I have learned from this conversation is that you personally think you can demolish careful detailed work by actual scholars (that I doubt you even read) with a simplistic reading of an single graph, likely to support your pre-conceived ideas about the world and/or your political biases.