Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Talking Points Memo)   Study: "tax cuts ≠ economic growth" GOP: "Grrr. Kill it." Dems: "Hey, where'd that study go? Let's republish it." And...scene {bow}   (tpmdc.talkingpointsmemo.com) divider line 31
    More: Interesting, GOP, Sander Levin, tax cuts, Democrats, Orrin Hatch, personal incomes, R-UT, economic growths  
•       •       •

6831 clicks; posted to Politics » on 01 Nov 2012 at 6:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Funniest)
View Voting Results: Smartest and Funniest


Archived thread
2012-11-01 05:42:32 PM  
7 votes:

Mentat: Just because it hasn't worked yet doesn't mean it never will. If you let the tax cuts accumulate over time, eventually the wealth will trickle down like Niagara Falls.


What's this? A Pyroclastic Flow of Proletariat Prosperity?

25.media.tumblr.com
2012-11-01 03:40:30 PM  
3 votes:
You mean the Blessed Job Creators, peace be upon them, might actually just be a bunch of wealth accumulators who want to accumulate more wealth?

I am shocked. Shocked!
2012-11-01 09:43:48 PM  
2 votes:

Hunter_Worthington: Blue_Blazer: Hunter_

kasmel: Hunter_Worthington: So, you might want to call your mom to pick you up from Little League, because you're not in the majors, kid.

Good stuff. Point at a Mankiw clone. Appeal to authority much?

I go to this guy if I'm looking for such staggering insight as

"The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases"

Truly an unparalleled economic mind. Really, why not just point at Mankiw, who, by the way I've personally worked with and spoken to on these matters and who is the 'economics advisor' to the Romney campaign. Neither Mankiw or Romer study economic theory from a scientific perspective. They operate from a conclusions driven rather than an evidence driven paradigm. They hold a conviction as regards how they FEEL an economic model should behave.

I welcome an honest discussion that includes even the barest evidence of their conclusions. I'm really not impressed by how many text books someone sells. I made good money correcting text books and supporting materials. Up to the point that the publisher would allow it because the author might get butthurt.

Nice try though, logical fallacy and all.

I don't really need to appeal to an authority, as -unlike yourself- I have both read and understood that text book, where as you're confusing textbooks with punditry, and confusing Mankiw for Romer. More importantly, on the off chance your parents can take you down to the local library, or you can save several years of allowance money and can purchase a copy, I suggest you start your studies with Chapters 5 and 6, which develop an Open Economy New Keynsian model, starting with an elementary Hicks-Hansen IS-LM model, and moving on to models incorporating imperfect flows of capital and labor between countries (it's a two country model -more countries would be a bit beyond the scope of that book.) Chapter 7 deals with Consumption, including the marginal propensity t ...


I didn't understand a word you two have said, but it reminded me of this scene:

wheatcitymag.com 

"How do you like them apples?"
2012-11-01 07:26:27 PM  
2 votes:
Has there ever been anyone, anywhere, who has looked more like a turtle than Mitch McConnell? I don't even see a human face on him anymore, it's just a 200 year old sea turtle with glasses on.
2012-11-01 07:05:02 PM  
2 votes:

MisterTweak: You mean the Blessed Job Creators, peace be upon them, might actually just be a bunch of wealth accumulators who want to accumulate more wealth?

I am shocked. Shocked!


If you're going to criticize stupid policy, don't be a moron yourself. Wealth "accumulators" gather wealth, and addition wealth through investment, i.e. setting aside surplus money now, to enjoy potentially greater consumption utility in the future. In this matter, under ordinary times, wealth accumulation raises investment, and through that, expectations of future income for everyone, so that a rising tide lifts all boats.
2012-11-01 03:51:11 PM  
2 votes:

MisterTweak: You mean the Blessed Job Creators, peace be upon them, might actually just be a bunch of wealth accumulators who want to accumulate more wealth?

I am shocked. Shocked!


You sound like one of those Comm'nist Muslins I keep hearing about...
2012-11-02 01:06:13 AM  
1 votes:

Hunter_Worthington: smellysocksnshoes: Hunter_Worthington: BMulligan: Funny. I wrote a post that expressed my theory about the alternative identity of someone trolling this thread hard, and it disappeared down the memory hole after posting. Isn't that weird?

It sounds as though you'd wish for a "do-over" for that post. If there was but some word you could use to describe such a function.

Dude- if you get off the computer and stop pretending to be be someone you are not- you can go out and meet a woman- since you are ya know you- she will not be attractive but she will have a vagina- trust me here- vaginas are better than keyboards. And here is the cool thing- you can believe in all the debunked Econ theory you want and still enjoy real life vagina. Just go outside and stop pretending to be someone else. Even fark geeks can experience wonderful, wonderful vulva

I appreciate the input my friend, but before you hand out crude, though no doubt well intended, advice to strangers, you spend some time with your dictionary, and perhaps familiarize yourself with, at least, the rudiments of grammar.


It's an interesting character you've made to be sure, but your profile says you're IN Massachusetts, while your name suggests that you're FROM Worthington, MA, but currently reside in Lougheed, BC.

As entertaining as you are I think I'll have to farkie you in gray until you mature past your Triumph phase and either move more firmly into satire or start playing with the other trolls. Sadly, even if your persona and timing weren't enough to tip most people off, the ideas you propose to champion are absurd enough on their own merit that anyone who knows enough to refute your statements will also know not to take you too seriously in very short order.

In any case, I look forward to your inevitable outing and will be entertained by your lampooning in the meantime.
2012-11-01 10:14:44 PM  
1 votes:

clkeagle: [oi49.tinypic.com image 678x416]


"Government can't create jobs!"
"Elect me and I'll create 12 million jobs!"
2012-11-01 09:45:00 PM  
1 votes:

coeyagi: He has the dubious honor of having his profile copypasta'ed in every thread he's been in since his birth.

We don't know much about him... but I suppose that's something.


After reading back through his stuff I can say that if he's not a very talented troll (seriously Hunter W. Gathers, hats off for the last bit) he's a truly and spectacularly delusional human being.

So he has that going for him.

I guess that that's nice.
2012-11-01 08:52:35 PM  
1 votes:

Hunter_Worthington: Hunter W. Gathers,
Col. OSI, Commanding


Account created: 2012-10-28 17:28:40
2012-11-01 08:38:35 PM  
1 votes:
TFA: "I don't think there's a conclusion that there's no relationship," Auerbach added, "only that it's not so big that it comes through."

So there may be a relationship but it's so small that it is undetectable in the last 65 years of data. Yeah, that must be it.
2012-11-01 08:36:24 PM  
1 votes:

kasmel: Hunter_Worthington: So, you might want to call your mom to pick you up from Little League, because you're not in the majors, kid.

Good stuff. Point at a Mankiw clone. Appeal to authority much?

I go to this guy if I'm looking for such staggering insight as

"The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases"

Truly an unparalleled economic mind. Really, why not just point at Mankiw, who, by the way I've personally worked with and spoken to on these matters and who is the 'economics advisor' to the Romney campaign. Neither Mankiw or Romer study economic theory from a scientific perspective. They operate from a conclusions driven rather than an evidence driven paradigm. They hold a conviction as regards how they FEEL an economic model should behave.

I welcome an honest discussion that includes even the barest evidence of their conclusions. I'm really not impressed by how many text books someone sells. I made good money correcting text books and supporting materials. Up to the point that the publisher would allow it because the author might get butthurt.

Nice try though, logical fallacy and all.


Let's try that again... 

nbchardballtalk.files.wordpress.com
2012-11-01 08:21:32 PM  
1 votes:

kasmel: Hunter_Worthington: So, you might want to call your mom to pick you up from Little League, because you're not in the majors, kid.

Good stuff. Point at a Mankiw clone. Appeal to authority much?

I go to this guy if I'm looking for such staggering insight as

"The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases"

Truly an unparalleled economic mind. Really, why not just point at Mankiw, who, by the way I've personally worked with and spoken to on these matters and who is the 'economics advisor' to the Romney campaign. Neither Mankiw or Romer study economic theory from a scientific perspective. They operate from a conclusions driven rather than an evidence driven paradigm. They hold a conviction as regards how they FEEL an economic model should behave.

I welcome an honest discussion that includes even the barest evidence of their conclusions. I'm really not impressed by how many text books someone sells. I made good money correcting text books and supporting materials. Up to the point that the publisher would allow it because the author might get butthurt.

Nice try though, logical fallacy and all.


That's going to leave a mark.
2012-11-01 08:14:08 PM  
1 votes:

Hunter_Worthington: So, you might want to call your mom to pick you up from Little League, because you're not in the majors, kid.


Good stuff. Point at a Mankiw clone. Appeal to authority much?

I go to this guy if I'm looking for such staggering insight as

"The results also indicate that the main effect of tax cuts on the government budget is to induce subsequent legislated tax increases"

Truly an unparalleled economic mind. Really, why not just point at Mankiw, who, by the way I've personally worked with and spoken to on these matters and who is the 'economics advisor' to the Romney campaign. Neither Mankiw or Romer study economic theory from a scientific perspective. They operate from a conclusions driven rather than an evidence driven paradigm. They hold a conviction as regards how they FEEL an economic model should behave.

I welcome an honest discussion that includes even the barest evidence of their conclusions. I'm really not impressed by how many text books someone sells. I made good money correcting text books and supporting materials. Up to the point that the publisher would allow it because the author might get butthurt.

Nice try though, logical fallacy and all.
2012-11-01 08:07:54 PM  
1 votes:

Isitoveryet: Hunter_Worthington: So, you might want to call your mom to pick you up from Little League, because you're not in the majors, kid.

but you assume that the U.S. or even the global economy uses the Keynesian model and adheres to its principles completely.


www.ericgarland.co
First of all you're going to have to grease the local politicians for the sudden zoning problems that always come up. Then there's the kickbacks to the carpenters, and if you plan on using any cement in this building I'm sure the teamsters would like to have a little chat with ya, and that'll cost ya. Oh and don't forget a little something for the building inspectors. Then there's long term costs such as waste disposal. I don't know if you're familiar with who runs that business but I assure you it's not the boyscouts.


Real world =/= textbooks
2012-11-01 08:07:50 PM  
1 votes:

Karac: One of my coworkers listens to the Rush Limbaugh show twice a day (which means I have to listen to it twice a day).


workplace cabbage farts, if applied in rigid concordance with said broadcasts, could cause a pavlovian response that will eventually allow you to listen to the smooth jazz channel instead.

i get what you're saying, but...these people are dumb. they were dumb before the election, they'll be dumb after it. they'll drool on themselves in victory, or they'll drool on everybody else in defeat. it's just part of the gig.

you know dumb people - i suggest you start hitting them with sticks. it won't solve anything, but neither will anything else you could do.
2012-11-01 07:58:06 PM  
1 votes:

Avery614: this country was bought and paid for a long time ago, I refuse to participate in this election circus


...I remember when I felt ways about stuff
2012-11-01 07:46:58 PM  
1 votes:

cman: Hatred runs deep. Liberals hate Conservatives, conservatives hate Liberals, everyone hates Greens, Libertarians, and Communists.


Well, the Protestants hate the Catholics,
And the Catholics hate the Protestants,
And the Hindus hate the Muslims,
And everybody hates the Jews.
2012-11-01 07:46:24 PM  
1 votes:

mrshowrules: Guidette Frankentits: mrshowrules: Guidette Frankentits: Why doesn't the GOP do what they do with everything they disagree with? Call the author a liberal conspirator the likes of Hitler and Stalin and demand the author prove he doesn't molest children

Because they have Fox News to do it for them. Look upthread for the article infroming the Fox viewers.

You spelled lying wrong.

I spelled it properly. Know your memes - stay infromed.


I was told their wood be no grammer.

churchandstate.org.uk
2012-11-01 07:45:58 PM  
1 votes:

heap: you very well could be amazed at just how many people could give a flying fark, and...you might just join them.


auctionstx.com 

/this country was bought and paid for a long time ago, I refuse to participate in this election circus
//"you start to follow the money, and you don't know where the fark it's gonna take you."-Lester Freamon
2012-11-01 07:31:32 PM  
1 votes:

Smelly McUgly: cman: GhostFish: cman: THROWING US SO EVER CLOSER TO CIVIL WAR

You don't actually believe that's a possible outcome, do you?

I do.

Hatred runs deep. Liberals hate Conservatives, conservatives hate Liberals, everyone hates Greens, Libertarians, and Communists.

We are too divided now. Unless something happens that scars us on the scale of 9/11 I cannot see any other outcome except for civil war.

Let's just let the South secede. Who's with me?

Hell, throw in Utah, Wyoming, Idaho, and Montana along with them. Then we'll build a wall. It'll be AWESOME.


No way, we want their natural resources. What we really need to do is find a way to make watching Fox News give people some hyper aggressive face cancer, or non-contagious but 100% lethal strain of Ebola.
2012-11-01 07:31:08 PM  
1 votes:

cman: I do.

Hatred runs deep. Liberals hate Conservatives, conservatives hate Liberals, everyone hates Greens, Libertarians, and Communists.

We are too divided now. Unless something happens that scars us on the scale of 9/11 I cannot see any other outcome except for civil war.


just as an experiment, (and i realize it will have to be delayed, i doubt you could do it with the election eminent) try turning off the news channels. step away from politics threads.

you very well could be amazed at just how many people could give a flying fark, and...you might just join them. you sound immersed in political bullshiat, and sure that everyone else is too....when most just want a taco and something funny on TV.

in summation, taco.
2012-11-01 07:28:53 PM  
1 votes:

cman: GhostFish: cman: THROWING US SO EVER CLOSER TO CIVIL WAR

You don't actually believe that's a possible outcome, do you?

I do.

Hatred runs deep. Liberals hate Conservatives, conservatives hate Liberals, everyone hates Greens, Libertarians, and Communists.

We are too divided now. Unless something happens that scars us on the scale of 9/11 I cannot see any other outcome except for civil war.


Let's just let the South secede. Who's with me?

Hell, throw in Utah, Wyoming, Idaho, and Montana along with them. Then we'll build a wall. It'll be AWESOME.
2012-11-01 07:23:48 PM  
1 votes:

randomjsa: Yet somehow in the lala land of liberalism simply by having the government take money from the private sector and then spend that money... The private sector gets better.

A bit like if I took 50 dollars from you and spent it, somehow things get better for you right?


Yes. Things would be better. It would give a us a brief reprieve from your threadshiatting ways.
2012-11-01 07:23:22 PM  
1 votes:

mrshowrules: Guidette Frankentits: Why doesn't the GOP do what they do with everything they disagree with? Call the author a liberal conspirator the likes of Hitler and Stalin and demand the author prove he doesn't molest children

Because they have Fox News to do it for them. Look upthread for the article infroming the Fox viewers.


You spelled lying wrong.
2012-11-01 07:13:03 PM  
1 votes:
At the in-laws a couple weeks ago I stated that there is little to no evidence that tax cuts have ever paid for themselves. Judging by the reaction, you would have sworn I kicked the dog and called my mother-in-law a see you next Tuesday.

/CSB
//Remind me to never inject reason into one of their political discussions again
2012-11-01 07:00:39 PM  
1 votes:

jasimo: mrshowrules: Funny how no one is refuting any of the facts or supporting information or event he conclusion of the study.

here it is: Link

Here is the conclusion it after all the stupid facts/data and such:

Concluding Remarks
The top income tax rates have changed considerably since the end of World War II. Throughout
the late-1940s and 1950s, the top marginal tax rate was typically above 90%; today it is 35%.
Additionally, the top capital gains tax rate was 25% in the 1950s and 1960s, 35% in the 1970s;
today it is 15%. The average tax rate faced by the top 0.01% of taxpayers was above 40% until
the mid-1980s; today it is below 25%. Tax rates affecting taxpayers at the top of the income
distribution are currently at their lowest levels since the end of the second World War.
The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate
and the top capital gains tax rate do not appear correlated with economic growth. The reduction in
the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The
top tax rates appear to have little or no relation to the size of the economic pie.
However, the top tax rate reductions appear to be associated with the increasing concentration of
income at the top of the income distribution. As measured by IRS data, the share of income
accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before
falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the
top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to
how the economic pie is sliced-lower top tax rates may be associated with greater income
disparities.


I'm gonna put that on a t-shirt

/Every reasonable person should memorize the salient facts in that paragraph and break them out every time some imbecile starts yelling about how Obama wants to hurt the "job creators"
//Rage


It seems to me that if the 1950s were so great to the GOP, why not start with the tax code of the 50s?
2012-11-01 06:59:37 PM  
1 votes:
media.syracuse.com
TAX CUTS FOR THE TAX CUT GOD!!
2012-11-01 06:53:54 PM  
1 votes:
3.bp.blogspot.com

//oblig
2012-11-01 06:32:43 PM  
1 votes:
Marginal Propensity to Consume versus Marginal Propensity to Save is a Lieberul plot, not real economics.

-The GOP
2012-11-01 05:33:04 PM  
1 votes:
Just because it hasn't worked yet doesn't mean it never will. If you let the tax cuts accumulate over time, eventually the wealth will trickle down like Niagara Falls.
 
Displayed 31 of 31 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report