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The federal reserve caused a major bubble that led to the U.S downfall around the same timing of the tax cuts.
There's a lot of other economic factors besides tax cuts. There needs to be an incentive to save or invest as well to lead to growth.
Sure they do, but things like tech booms affects it more.
>>55772406
no. youre wrong.
>>55772406
>growth
Yes let's dismiss all the other immense geopolitical and financial causes of growth fluctuation.
And raising taxes in a weak economy is the solution
WHAT IS GDP GROWTH
>>55772618
explain. every article I have dug up so far states that Tax cuts are a failure and don't contribute to any kind of growth, including the recent cuts done by Kansas.
>>55772406
So stealing more of people's money is justification for a rise in GDP?
>>55772406
Well tax cuts and huge spending doesnt work, misleading the side of people you are purposely trying to confuse.
Tax cuts only work with little government spending, allowing for the middle class to spend more as consumers and help benefit the GNP/GDP.
>>55772406
You've got the causative order wrong.
>Economy booming
>Taxes are raised since business can afford it.
>Economy failing
>Taxes lowered to keep businesses from going bankrupt
>>55773636
This makes sense, but it doesnt prove that Tax cuts lead to growth.
>>55772406
You don't expand you business based on short term tax cuts, you plan for the tax rate 10,20,30,40 years from now and if you're looking at how things are going you know they are rising, and you plan accordingly, leaving assets overseas.
>>55774067
Called me out on a logical fallacy, thanks anon.
:)
>>55772406
We just haven't cut them enough. Corporations shouldn't have to pay any taxes because they create jobs.
>>55772406
Correlation isn't causation. Except in the case that correlates your posting with being a faggot, OP.
>>55772406
....but that whole period of growth in your charts (known as the seven year boom) was entirely due to the actions of Paul Vockler and Reagan
Taxes are nearly irrelevant to the functioning of the economy compared to the current business cycle.
Greenspan created two credit bubbles one, the dot com bubble in the 90s that popped after Y2K and the other, the sub prime bubble in the 2000s.
Also that graph is shit here's a better one that illustrates the situation notice the crash in 2000 and recovery as another bubble is created.
