Quote:
Originally Posted by allinontheturn
Now you're trying to shift the goalposts and say that the reason your neighbor's income goes from $40k/yr to $4M/yr is endogenous to the problem? Who's having the dishonest conversation again?
Practically nobody believes this. That's why the CBO said the recent tax cut will add $1.4T to the debt.
People tend not to have huge raises without taking a promotion, changing jobs or creating something very valuable for the economy. Assuming the economy isn't effected by someone jumping to $4m from of $40k (especially in your example of 2 ppl) is illogical.
Come the hell on believing the CBO on projections. I'm guessing you are surprised that a federal agency tends to favor a bigger government?
"While it is true that the CBO uses economic
models that are “politically” non-partisan, it is also true that the
models it uses favor more spending and higher taxation. They
assume government spending boosts economic growth and see
few negative economic effects from tax hikes. These models,
the people who defend them and the politicians that allow them
to be used consistently bias policy toward a bigger government,
with less faith in the private sector."
Quote:
Originally Posted by allinontheturn
Holy ****, it just occurred to me that you probably think all markets are perfectly competitive etc etc and that income is a direct consequence of productivity in an economy. So it's only natural that the increase from $40k to $4M is a result of the neighbor's increased productivity - like tautologically.
That's adorable.
nope.
Last edited by bahbahmickey; 06-12-2018 at 01:51 PM.