4 ms·

U.S. has had periods of deflation: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/ https://www.usinflationcalculator.com/inflation/h

U.S. has had periods of deflation: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/ https://www.usinflationcalculator.com/inflation/historical-i... . As recently as 2009.

mandmandam 4y ago
Down 0.4 - after a 3.8% rise the year previous. Not exactly the strongest counterexample I've ever seen, though (barely) technically correct. And the last deflationary "period" (a single year) before that was ... drumroll... 1949, following 3 years of >8% inflation.
- amalgamated_inc 4y ago
  It's called the ratchet effect. The government doesn't like giving your money back. That's why taxes almost never go down, either - e.g. the "temporary" income tax that only affects the richest 1% of people..
  - qclibre22 4y ago
    Federal Receipts as Percent of Gross Domestic Product : https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
    - amalgamated_inc 4y ago
      Yes. Share ~ steady, but GDP growing - tax income growing.
  - grumple 4y ago
    Taxes have been going down consistently for 50 years in the US.
    - amalgamated_inc 4y ago
      what
      - grumple 4y ago
        Both the marginal [0] and effective [1] tax rates have been trending downwards since WW2 with relatively little deviation from that. Pus this doesn't take into account all the ways wealthy people can avoid creating taxable income in the first place that generally aren't possible at lower income levels. 0. https://taxfoundation.org/historical-income-tax-rates-brackets/ https://taxfoundation.org/historical-income-tax-rates-bracke... 1. https://www.taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii-0 https://www.taxpolicycenter.org/taxvox/effective-income-tax-...
        amalgamated_inc 4y ago
        "For the top 1%" On average, aka the vast majority of tax revenue, it's stayed constant according to your own source.
  - idontpost 4y ago
    [dead]

U.S. has had periods of deflation: https://www.usinflationcalculator.com/inflation/historical-inflation-rates/ https://www.usinflationcalculator.com/inflation/historical-i... . As recently as 2009.

mandmandam 4y ago

Down 0.4 - after a 3.8% rise the year previous. Not exactly the strongest counterexample I've ever seen, though (barely) technically correct. And the last deflationary "period" (a single year) before that was ... drumroll... 1949, following 3 years of >8% inflation.

amalgamated_inc 4y ago
It's called the ratchet effect. The government doesn't like giving your money back. That's why taxes almost never go down, either - e.g. the "temporary" income tax that only affects the richest 1% of people..
- qclibre22 4y ago
  Federal Receipts as Percent of Gross Domestic Product : https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYFRGDA188S
  - amalgamated_inc 4y ago
    Yes. Share ~ steady, but GDP growing - tax income growing.
- grumple 4y ago
  Taxes have been going down consistently for 50 years in the US.
  - amalgamated_inc 4y ago
    what
    - grumple 4y ago
      Both the marginal [0] and effective [1] tax rates have been trending downwards since WW2 with relatively little deviation from that. Pus this doesn't take into account all the ways wealthy people can avoid creating taxable income in the first place that generally aren't possible at lower income levels. 0. https://taxfoundation.org/historical-income-tax-rates-brackets/ https://taxfoundation.org/historical-income-tax-rates-bracke... 1. https://www.taxpolicycenter.org/taxvox/effective-income-tax-rates-have-fallen-top-one-percent-world-war-ii-0 https://www.taxpolicycenter.org/taxvox/effective-income-tax-...
      - amalgamated_inc 4y ago
        "For the top 1%" On average, aka the vast majority of tax revenue, it's stayed constant according to your own source.
- idontpost 4y ago
  [dead]