Quote:In a new poll from the University of Chicago's Booth School of Business, 38 economists from schools including Yale, MIT and the University of California-Berkeley weighed in on contentious points about the GOP tax plans.

On one question, the economists were asked whether enacting "a tax bill similar to those currently moving through the House and Senate" would lead to a "substantially higher" rate of economic growth a decade from now than it would otherwise.

Only two percent — or, 1 out of 38 economists — agreed. 36 percent were uncertain, 33 percent disagreed, and another 19 percent strongly disagreed. (The remainder did not answer.)

That one economist who agreed also didn't do so without reservations: while a lower corporate tax rate would likely grow the economy, he wrote, he also said it was "another matter" whether the plan is "fair" in how it spreads the benefits of tax cuts. A recent analysis from the nonpartisan Tax Policy Center, for example, shows the senate proposal disproportionately benefiting some of the richest Americans.

Economists were much more certain about what the tax bills would do to the debt. They were asked whether a tax bill like those in the House and Senate right now would leave the U.S. debt-to-GDP ratio (a common measure of how large the national debt is) "substantially higher" in a decade than otherwise.

On this, fully 43 percent agreed that it would leave the debt level higher, and another 45 percent strongly agreed. Only 1 economist was uncertain. None disagreed.

But there's a catch here, yet again with the one economist who stood alone. That economist, Stanford's Liran Einav, told the Washington Post that he "didn't read the question properly" and in fact agreed with his peers.

(11-24-2017 04:26 PM)UofMstateU Wrote:  They are nothing but a bunch of economic deniers.

(11-24-2017 04:30 PM)stinkfist Wrote:  oh shite....another 'pole'

since all my ecoXXX teachers sucked in scope, I put zero faith in their ability to individually forecast.....

the driver of the bus is the 401k/roth.....or did that fly-over only raise that on the nape???

what's really neat???......pointing out the obvious to those that enjoy fail w/o using a single curse word....

let's see......drive the economy by creating jobs or promote subsidizing the 40 oz. camped on the porch?????????????????????????????????

hmmmmmmmmmmmmmmmmm.......I'm not sure which is best method......

(11-24-2017 04:32 PM)EverRespect Wrote:  

(11-24-2017 04:30 PM)stinkfist Wrote:  oh shite....another 'pole'

since all my ecoXXX teachers sucked in scope, I put zero faith in their ability to individually forecast.....

the driver of the bus is the 401k/roth.....or did that fly-over only raise that on the nape???

what's really neat???......pointing out the obvious to those that enjoy fail w/o using a single curse word....

let's see......drive the economy by creating jobs or promote subsidizing the 40 oz. camped on the porch?????????????????????????????????

hmmmmmmmmmmmmmmmmm.......I'm not sure which is best method......

Also relevant.. Colt 45



Sent from my SM-G955U using Tapatalk

(11-24-2017 04:22 PM)Redwingtom Wrote:  

Quote:In a new poll from the University of Chicago's Booth School of Business, 38 economists from schools including Yale, MIT and the University of California-Berkeley weighed in on contentious points about the GOP tax plans.

On one question, the economists were asked whether enacting "a tax bill similar to those currently moving through the House and Senate" would lead to a "substantially higher" rate of economic growth a decade from now than it would otherwise.

Only two percent — or, 1 out of 38 economists — agreed. 36 percent were uncertain, 33 percent disagreed, and another 19 percent strongly disagreed. (The remainder did not answer.)

That one economist who agreed also didn't do so without reservations: while a lower corporate tax rate would likely grow the economy, he wrote, he also said it was "another matter" whether the plan is "fair" in how it spreads the benefits of tax cuts. A recent analysis from the nonpartisan Tax Policy Center, for example, shows the senate proposal disproportionately benefiting some of the richest Americans.

Economists were much more certain about what the tax bills would do to the debt. They were asked whether a tax bill like those in the House and Senate right now would leave the U.S. debt-to-GDP ratio (a common measure of how large the national debt is) "substantially higher" in a decade than otherwise.

On this, fully 43 percent agreed that it would leave the debt level higher, and another 45 percent strongly agreed. Only 1 economist was uncertain. None disagreed.

But there's a catch here, yet again with the one economist who stood alone. That economist, Stanford's Liran Einav, told the Washington Post that he "didn't read the question properly" and in fact agreed with his peers.

Poll: Economists Unanimous That Debt Would Balloon Under GOP Tax Plan

(11-24-2017 07:10 PM)HeartOfDixie Wrote:  It doesn't take an expert to see that this new plan is pretty light on "new."

The arguing over it is pretty disingenuous because there isn't actually a lot here.

(11-24-2017 07:14 PM)TechRocks Wrote:  I've always heard that if you placed all the world's economists end to end, they'd form a perfect circle.

(11-24-2017 07:14 PM)TechRocks Wrote:  I've always heard that if you placed all the world's economists end to end, they'd form a perfect circle.

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.

And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

(11-24-2017 07:35 PM)stinkfist Wrote:  

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.

And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

seriously.....your expectation level is aptly defined by this post....

YOU are the numbers WE are trying to elevatel.....

however, all you see is pig vomit.....can't fix you *******.....

have a good ******* day....

(11-24-2017 07:44 PM)DavidSt Wrote:  

(11-24-2017 07:35 PM)stinkfist Wrote:  

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.

And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

seriously.....your expectation level is aptly defined by this post....

YOU are the numbers WE are trying to elevatel.....

however, all you see is pig vomit.....can't fix you *******.....

have a good ******* day....

Well, the Republicans keep rolling out these same old ideas that does not work. Seriously, we need a overhaul of our economics for the whole system to work for everybody. As it is? It does not work for everybody. Republicans picked winners and losers, and the majority of this country are the losers.

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.

And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind . . .

(11-24-2017 07:44 PM)DavidSt Wrote:  

(11-24-2017 07:35 PM)stinkfist Wrote:  

(11-24-2017 07:33 PM)DavidSt Wrote:  The tax cuts from Reagan to now Trump have left many people behind while the wealthy have grown. My parents made less than $10,000 a year in the 1980s, and the economy sucks. They both worked their butts off at minimum wage. Reagan's tax cut did nothing for us. It helped placed a gap between the middle class and the wealthy, As it is, the Middle Class are slowly shrinking into the working poor. George W. Bush's paid tax holiday put us into another Great Depression. What did the companies used the money for from the tax cuts? Give CEOs and board members higher pay raises, and buy back stock from investors to inflate the prices of their companies. They never reinvested any money towards the business. That is why Hostess went out of business because of the corruption in the CEO/board members.

And Trump's crowing about the 401 K's growing? Only a small number of people in this country have it, and only a few people who invests in the stock market. The majority of people think the Wall Street is a bunch of crocked crooks that steals money from people and refuse to invest in it. Do you blamed people because of the likes of ENRON?

seriously.....your expectation level is aptly defined by this post....

YOU are the numbers WE are trying to elevatel.....

however, all you see is pig vomit.....can't fix you *******.....

have a good ******* day....

Well, the Republicans keep rolling out these same old ideas that does not work. Seriously, we need a overhaul of our economics for the whole system to work for everybody. As it is? It does not work for everybody. Republicans picked winners and losers, and the majority of this country are the losers.