CHART OF THE DAY: There's No Link Between Capital Gains Tax Rates and GDP

Business Insider ^ | Nov. 28, 2012, 8:27 AM | Sam Ro

[Fledermaus]

Oooooh, can I play? I have charts showing the amount of toilet paper I use to wipe my a$$ has no correlation to the GDP!

[Uncle Miltie]

Correct; it’s Hauser’s law.

On a separate subject, do you agree that the tax wedge effect exists generally, and that increasing taxes will increase the wedge and decrease total economic activity?

[ksen]

“On a separate subject, do you agree that the tax wedge effect exists generally, and that increasing taxes will increase the wedge and decrease total economic activity?”

I haven’t really studied the one you posted yet. I’ll take a look in a bit.

[Ohioan]

Further to your point, we all hoped that when Communism collapsed in Eastern Europe, the American Left would see the point, and desist; but they never missed a stroke. In the event, it turned out that the largest group who appear to have actually believed the premises of Marxist Communism, were in American Universities.

The past election demonstrates the terrible effect on American youth-conditioned like so many Pavlovian dogs, to betray the heritage that made their good lives--up until now--possible.

The coming awakening here--when it does in fact come--will be a rather frightening prospect for a great many "useful idiots."

William Flax