This is a blog about Pennsylvania!
Low marginal tax rates correlate with weak growth:
That’s not an argument that higher rates lead to stronger growth, but it does put the lie to the conservative dogma that low marginal rates increase revenue by boosting growth. They do not. As former Reagan staffer Bruce Bartlett is constantly pointing out, “the truth is that no serious Republican economist has ever said that a tax rate reduction would recoup more than about a third of the static revenue loss.”
May 21, 2013 By Jon Geeting Leave a Comment
At one point or another, everyone has found themselves in the voting booth not knowing who all the candidates are on the primary ballot. What to do? Do not vote for that ballot line! Do not pick somebody based on a name! Do not pick somebody based on their ballot position! Resist the temptation to [...]
May 20, 2013 By Jon Geeting Leave a Comment
One of the more important issues facing Northampton County right now is making the assessment system fair and accurate. The County hasn’t reassessed in 18 years, but obviously much has changed about home values and especially land values in different neighborhoods during that time. Think of how different Forks Township and Lower Nazareth are today [...]
May 20, 2013 By Jon Geeting Leave a Comment
Gregg Bortz reports more good news is on the way for Allentown, as United Fiber and Data will be moving into a new 10-story office building downtown. It really is getting tough to keep track of all the different projects. Did I forget to even blog the story about Ruckus Brewing officially buying the Neuweiler Brewery building? [...]
May 13, 2013 By Jon Geeting Leave a Comment
The point of political blogging is not that you’ll directly reach so many voters that you’ll shape opinions about elections. The point is that for every couple dozen low-information voters, there’s a *political friend* who people ask who to vote for the week before an election. The point of blogging is to shape the opinions [...]
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Charts like this are for people who are easily distracted by shiny trinkets.
Without looking at what was going on underneath the figures this is an even greater case of mental masturbation than you usually engage in.
You make the case every day that 25 year old kids are not capable of critical thought or analysis.
Oh really? So, please explain the failure of tax cuts for the wealthy on a consistent basis in another way? Otherwise, you look rather stupid right now.
ugh
me brilliant
me hate rich
simple
go get four more years of 0-bama
sunshine
Hey Sunny :
How is that Libyan thing going?
How long has it been now?
I gotta admit — You are way too smart for me, dude.
Pleasant day.
(any comment on ANTHONY WEINER?)
Rising, you're misinterpreting what I said. In that period there were war economies, recessions, arms races, etc. To just look at one piece of information is a complete waste of time. Unfortunately it's also a hallmark of this blog, where Jon uses statistics like this to mislead readers as to what was happening.
Complete mental masturbation.
Also, to think that increasing taxes results in a stronger economy is just inane.
Specifically, Alan Reynolds wrote about tax rates and resulting revenue to the Federal Government as a % of GDP (a favorite measure used in this blog).
http://online.wsj.com/article/SB10001424052702304259304576375951025762400.html
There's more here than one statistic. Jon's a smart guy, but unfortunately he's easily mislead.