Quote:
Originally Posted by SaintessHeart
What chart is that? Nominal, real or "as-reported-each-year"?
The term GDP, in fact by itself, is rubbish. One has to compare it to per-capita, per person or per land size in order to get some useful result.
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Useful result for what? I showed that
tax revenue actually increased as the tax margin decreased in response to "And yet, strangely, in the 1950s we had a 90% tax margin for the top-end and it was one of the most productive eras in American history." That's it.
I absolve myself of all reasonable implications any person with an active brain can come up with.
But don't worry, I'll give you a strawman to play with. Aw, don't be shy.