(08-02-2018, 08:53 PM)mikesez Wrote:

(08-02-2018, 08:03 PM)B2hibry Wrote: Well I tried, but you are ignoring history, facts, and basic economic principles. I applaud you for attempting to find the data points but you must understand it to use it as a debate point. No matter how many people point out your errors, you keep struggling on. So be it.

FYI, not sure what you mean by “others” but there hasn’t been much in the way of long term success in the modern economic climate. I sure wouldn’t attempt to grasp at the last two Presidencies as positive fodder. In fact they both tried tax cuts in addition to stimulus packages and corporate bailouts. The outlier in the last seven or so was Clinton thanks in part to tech innovation and even then it cooled mid Bush.

What error did I make?
I agreed with almost your entire post.
I double checked the monthly treasury statements.  There is no inflation adjustment for the older dollar values.
Are you making argumentum ad populum here?
Just because everyone here seems to believe that tax cuts actually grow Revenue, does that make it true?

I don’t care what your snapshot treasury statements say or your so called lack of inflation adjustment. It’s misplaced logic and data. Basically irrelevant to your argument as the economy doesn’t react instantaneously.

Yes, most here, history and economists know it is true that revenue actually grows with tax cuts, except you. Ever stop and wonder why a policy of tax cuts is issued when in a recession or slumping economy? It’s the spark that creates the roaring fire. However, If you don’t feed it or rearrange the coals, it will burn out. This is where some disagreement kicks in. 

People will argue that one single policy action is the only factor.  You need to consider supply side, consumer confidence, corporate confidence, investment, etc. Once again, taxation is the spark that can cause bad and good revenue reaction as can be described in simplistic form by the Laffer Curve or as some parties have twisted, the Laffer Line.

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