You think the 2008 recession was an existential financial crisis? You poor, sheltered little thing.kalm wrote: ↑Wed Apr 06, 2022 6:54 am1) Downturns sure. Existential financial crises are a different thing.UNI88 wrote: ↑Tue Apr 05, 2022 12:46 pm
You are misremembering history if you think we didn't have economic ups and downs during the period of higher taxes.
I'll see about "real world examples where libertarian economics have proven a sustainable success" after you've given a rational explanation of how higher taxes won't have a negative impact on productivity and innovation. While you're at it maybe you can finally answer my question about why socialism will work this time.
IMO, the innovations that have resulted from the Information Revolution have been worth some booms and busts. I'd rather risk the ups and downs for the opportunity to improve our overall quality of life.
2). Higher taxes enabled us to rebuild Europe, build interstates, go to the moon, and educate a generation of GI’s all at the same time without massively going into debt. We were productive, and innovative, and those dollars spent on education were more than paid back by personal income taxes alone (a few thousand spent on a GI was paid back in the 10’s of thousands)
3). Broken record. You know I’m not advocating for the means of production. Just sensible mixed market economics that’s already proven to be a success.
4). Were number 19!
So what do you think is the ideal federal tax rate for the highest earners? You despise Reagan, do you want to go back to 70%?