12-17-2016, 08:24 AM
(12-16-2016, 11:27 PM)Warren Dew Wrote:(12-13-2016, 01:47 PM)David Horn Wrote:(12-10-2016, 01:50 AM)Warren Dew Wrote: Reagan's 1981 tax cut was an across the board cut of 23%, between 3 percentage points and 20 percentage points depending on your bracket. The social security tax rate increase was less than 1 percentage point. Only by being ignorant of basic arithmetic can one believe that Reagan increased tax rates overall.
It may be worth noting that this guy actually understand Reaganomics, and argues against it today.
He also argues that it worked well when it was used. Do you agree with that? If not, why are you bothering to bring him up?
Ok course he liked it then. Bruce Bartlett designed the system Reagan used. Other economists argued then, and now, that it was mostly smoke and mirrors, but I cited Bartlett because he saw real value ... then. He sees it as unusable to counterproductive now.
If the architect says the building is falling, it may be a good time to evacuate.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.