RE: Bar stool economics
November 9, 2014 at 10:24 pm
(This post was last modified: November 9, 2014 at 10:30 pm by Heywood.)
(November 9, 2014 at 9:07 pm)Surgenator Wrote: Did you really watch the two videos Heywood? The critique quickly shows how the the bar analogy is a false representation of our tax system. And your counter is " I don't agree with this implication and feel the opposite is true." No one cares how you feel about the topic. If you want to say an the economist is wrong, provide evidence.
Yes I did watch both videos...and in the interest of fair debate, I thought I would choose two videos(of many) that best outlined both positions. I am not a minimalist or a Brian37 who purpose in life is to parrot one position and one position only. I don't mind examining an argument from multiple points of view.
The conclusion of the argument video is that the reason the rich get the biggest benefit when there is a tax cut....is because they pay the most in taxes in the first place.
The critique video....while making some valid points....does not show the conclusion made by the argument video is false. The critique video does a good job of showing that there are a lot more nuances to our tax system them the argument video leads to you believe.....it however does not show these nuances...when considered....lead to a different conclusion. That conclusion being the rich benefit the most from any tax cut....because they pay the most in taxes in the first place.
