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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (679325)10/17/2012 2:16:34 PM
From: Tenchusatsu  Read Replies (1) of 1573016
 
Al, the Clinton tax increase was fortunately followed by an explosion of the Internet, which fueled unprecedented economic growth. There was no direct correlation between that tax increase and the prosperity that followed. In fact, it could be argued that the tax increase was a prelude to HillaryCare, and when that didn't happen, the government enjoyed a windfall of tax revenue.

Of course, the dot-com bubble eventually burst.

Along came the Bush tax cut. That paired with low interest rates helped fuel a boom in real estate that lasted for quite a while and led to a good period of economic growth.

Unfortunately that bubble burst as well.

In both cases, economic bubbles masked out the result of tax policies. Hence it's kind of hard to say evidence exists proving one theory or the other when there are so many variables in the equation.

Tenchusatsu
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