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Posted to rec.crafts.metalworking
Doug Miller Doug Miller is offline
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Default Lead (Pb) price continues to skyrocket

In article , "Hawke" wrote:

No, that's not true, so your concept of the "historical record" is clearly
wrong. All you have to do is look at Clinton's tax INCREASE followed by
years of tremendous economic growth to see that simply lowering taxes does
nothing for the economy.


Complete non-sequitur. Examining the aftermath of a tax increase provides no
informat at all about the effects of a tax cut.

Then look at the years when the marginal tax rates
were far higher than they are now and the economic level was also much
higher. Why was the economy so strong with extremely high tax rates in the
Truman and Eisenhower administrations?


And why was it stronger still, after Kennedy's tax cuts? And weaker after
Johnson's and Nixon's tax increases?

Thinking all you have to do is lower
tax rates to make the economy grow is, first off, factually wrong and
secondly it's way too simplistic.


Speaking of simplistic...

--
Regards,
Doug Miller (alphageek at milmac dot com)

It's time to throw all their damned tea in the harbor again.