tag:blogger.com,1999:blog-32931256.post1543688173466072191..comments2024-03-22T05:20:44.167-07:00Comments on The Disaffected Lib: The International Monetary Fund Says - Eat the Rich.The Mound of Soundhttp://www.blogger.com/profile/09023839743772372922noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-32931256.post-42713272742202323142017-10-12T23:10:19.470-07:002017-10-12T23:10:19.470-07:00Oh, Al, please don't get me started on the iss...<br />Oh, Al, please don't get me started on the issue of growth. I think a quarter of the posts on this blog address our delusions about growth.The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-61183730643503728122017-10-12T19:05:54.966-07:002017-10-12T19:05:54.966-07:00The premise appears to be that it's ok to tax ...The premise appears to be that it's ok to tax the extra-rich because it won't slow economic growth. Arguments that assume that 'growth' is the solution to everything leave their conclusions less than satisfying to me.Alhttps://www.blogger.com/profile/05155534322029676096noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-12586865240751627072017-10-12T17:20:13.066-07:002017-10-12T17:20:13.066-07:00"For almost 40 years, since the arrival of Ma..."For almost 40 years, since the arrival of Margaret Thatcher in Downing Street and Ronald Reagan in the White House, the economic orthodoxy on taxation has been that higher taxes for the 1% are self-defeating. Soaking the rich, it was said, would punish initiative and lead to lower levels of innovation, less investment, weaker growth and, therefore, reduced revenue for the state."<br /><br />During the 1950's/60's the US had it's greatest GDP growth ever. It also had the highest tax rates on the "wealthy". Hmmm. Is there a lesson here? Apparently not according to the Austrian/Chicago schools of economics.UU4077https://www.blogger.com/profile/10350775839411436865noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-62043956536578458592017-10-12T17:08:02.368-07:002017-10-12T17:08:02.368-07:00Trudeau and his friends needed to start his "...Trudeau and his friends needed to start his "tax reform" with the special tax treatment granted to stock options given key employees that Trudeau promised to clamp down on during his election campaign.<br /><br />While I appreciate Trudeau's more "friendly" approach, I would appreciate some substance to what he proclaims. He is not Pierre in politics (while I did not like PET back in the day, I now appreciate some of his actions, through more "discerning" (older/wiser?) eyes. Not perfect, by any means. But, much better than JT.)UU4077https://www.blogger.com/profile/10350775839411436865noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-25750470274735568422017-10-12T14:58:02.847-07:002017-10-12T14:58:02.847-07:00Yes, NPoV, that is indeed ironic. I wonder how he&...Yes, NPoV, that is indeed ironic. I wonder how he's doing with KPMG and their well-heeled tax cheats?The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.comtag:blogger.com,1999:blog-32931256.post-50010659625140620032017-10-12T14:32:51.190-07:002017-10-12T14:32:51.190-07:00I always struggle with the use of 'irony'....I always struggle with the use of 'irony'.<br />Apparently the pop hit by Alanis Morissette is a mis-use.<br /><br />So ... one of the few things I can applaud the vapid Trudeau gov't for: attempting tax reform .... is so badly botched that it has likely set back the cause for a generation. Is that ironic?<br /><br />Perhaps the young lad was ready .... but most of his ministers were obviously not.Northern PoVhttps://www.blogger.com/profile/04670080478290108536noreply@blogger.com