By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - General - Economy rescue: Adding up the dollars

Avinash_Tyagi on 22 March 2009

GDP growth has been rather constant through out the last hundred plus years, especially since the depression, regarldess of how high the rich are being taxed



The assumption that GDP will go down and tax dollars will go down just isn't supported by history, in fact in the 1940's -1970's we saw strong GDP growth even with higher taxes



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)

Around the Network
TheRealMafoo on 22 March 2009
Avinash_Tyagi said:

GDP growth has been rather constant through out the last hundred plus years, especially since the depression, regarldess of how high the rich are being taxed



The assumption that GDP will go down and tax dollars will go down just isn't supported by history, in fact in the 1940's -1970's we saw strong GDP growth even with higher taxes

 

It grows as people grow, but there are some strong local drops and rises. It would be interesting to see how that correlates with taxes. I can see the biggest jump after the 1950's was when Kennedy slashed taxes. What causes the big drop in what looks to be 1975?



Avinash_Tyagi on 22 March 2009



In fact in 1970's and early 80's even as tax rates were falling the growth while still happeneing wasn't as strong as earler when tax rates were much higher, as we see in this graph high tax rates in the 50's and 60's coincided with strong GDP growth,  notice that even as taxes were rising in late 30's early 40's our economy was growing fast



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)

luinil on 23 March 2009

It sounds to me like Avinash wants to tax wealth, not income.... Too bad the income tax doesn't tax wealth it taxes achievement.



Luinil - Marisa (FE:SS). She's calm, collected, and really likes swords. (Courtesy of Words of Wisdom)
Tag: luinil - "Liberalism is a mental disorder." - Thanks fkusumot!
Avinash_Tyagi on 23 March 2009

People seem to think that taxes are punishment towards people's sucess, not at all, taxes are a requirement of government and society, and the fact is taking 50% of someone with 40 million doesn't impoverish them, taking 50% of someone making 20,000 probably would, and as we can see taxation doesn't sloe economic growth, and the wealthy have been facing less and less effective taxes over time, so they should be taxed much more than they are



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)