Because it doesn't work. Reducing corp taxes has not resulted in higher job numbers. It's a wet dream sold by CEOs using corrupt politicians
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Mark Nyes, the economics guy.
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Nah. Just watching people make same mistakes over & over and be surprised when outcome doesn't change (c.f. Reaganomics). Def of stupidity
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Real GDP growth: 83 =7.8%, 84 = 5.6%, 85 = 4.3%, 86 = 2.9%, 87 = 4.4%, 88 = 3.8% Gee, prosperity sure is stupid.
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GDP growth is *not* worker wages. That shows you clearly that productivity is up, and wages are not. Foolish to link the two, isn't it?pic.twitter.com/6rfRgy3AVF
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You need to review Burkhauser 's papers on employee compensation... you are looking only at cash comp and not fringe benefits /1
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— employer health insurance is quite valuable! /2
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Right. The GDP growth argument didn't fool anyone, so let's look for other ways to justify tax breaks for rich and corps. Sorry, won't work.
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Claim: proposed corp tax cut would incr ave annual pay by $4K over ten yr; (~7.4% of median income). Inflation @ 1.5% for 10 yr: 16%, ~$8.6K
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And of course inflation will vary, other effects will be seen; any "raise" will be impossible to discern. GOP tax proposal: scam for rich.
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Shocking!!!
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