Open Left

First Off, Those Aren't Counter-Arguments

Those are entirely different arguments about the macroeconomic performance of economies with different sorts of tax structures.  They are related arguments in terms of a range of potential policy implications, but they don't address the same fundamental issue that I brought up, which is a foundational challenge to the assumption that the value of a dollar in the economy is the same, no matter who has that dollar.

In fact, none of the arguments you present would restore that presumption, they would only, at best, show some sort of countervailing effect--although that is highly doubtful in light of a 2005 study by the Center for Economic Policy Research that I plan to blog about this weekend, which shows that the neoliberal era (1981-onward) has produced lower growth rates in developing nations than the previous quarter century, when more egalitarian policies dominated.

"You know what they say -- those of us who fail history... doomed to repeat it in summer school." -- Buffy The Vampire Slayer, Season 6, Episode 3

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by: Paul Rosenberg @ Tue Jan 26, 2010 at 21:58:24 PM CST