Quote:
Originally Posted by Tully Mars
For the record I owned a small business for roughly 15yrs. I ran it the same time I work for the State of Oregon, often I made more running it then I did working for the State. It is one of the reasons I'm 47 and living on a white sandy beach in Mexico. I sold it when I moved here. So lecture away about Bus. 101 all you want... I still think you're wrong.
|
Wrong about what?
Quote:
|
And yes we'll just have to agree to disagree on PK. Call me crazy but I'm going to go ahead and listen to the Nobel Prize winning economists over you.
|
I gave some specific regarding my problems with his article, including the primary problem regarding the argument against Bush tax cuts - that taxes collected started to rise after the cuts. The deficits were due to spending rising at a faster rate than taxes collected. Krugman's presentation was misleading at best or simply dishonest given his credentials. Sure we can argue taxes collected should inherently go up with economic growth returns, but there taxes collected are currently declining in spite of GDP growth.
Here is a link to a chart showing the trend:
Federal Government Revenues Have More Than Tripled Since 1965