5 ms·
I was talking about corruption, not economic growth. I'll bite, though. The corrolation between high tax rates and economic growth is an incredibly partisan i
by badsock 12y ago
I was talking about corruption, not economic growth. I'll bite, though.
The corrolation between high tax rates and economic growth is an incredibly partisan issue. There are lots of people saying that they are connected, but there are just as many saying that stagnation is much better corrolated to inequality (e.g.):
http://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf http://www.imf.org/external/pubs/ft/sdn/2014/sdn1402.pdf
I will say that if you look at the "quality of life for the average person" indicators (health and longevity, infant mortality, leisure time), the high-tax countries smoke the rest. So my argument is: even if your country's GDP is growing a little faster, why would you care if it doesn't make your life any better?