Quote Originally Posted by El Kabong View Post
Looks like JFK had quite the economic impact. I guess 0% of that was his "a rising tide floats all boats" tax cuts....in fact I bet you'd probably say "if he didn't cut taxes he would have done even better".

It depends on rates and levels and the tax base Lyle. Kennedy cut the top rate from ninety one percent to seventy percent but broadened the tax base which meant loopholes were cut and more people paid the top rate. Kennedy also increased the minimum wage. The net result wasn't much of anything at all.




The most significant change in the US tax regime came in the 1980s. Reagan slashed the top rate, realised that there was now a huge revenue gap and then plugged the gap with new taxes on low/middle income earners. This still didn't cover the shortfall so read my lips no new taxes Bush 41 had to come up with some new taxes because obviously increasing the top rate was out of the question.

And you're correct that how many people you let into a country affects economic growth. GDP growth is made up of two (2) things: productivity increases, which we've already covered and population growth. That's it. Lots of nice new immigrants mean lots more economic growth. Even the Trump administration knows this, they just feed anti immigrant bullshit to idiots like you to get them to vote for them:

Acting White House chief of staff Mick Mulvaney told a crowd at a private gathering in England on Wednesday night that the Trump administration “needs more immigrants” for the U.S. economy to continue growing, according to an audio recording of his remarks obtained by The Washington Post.“We are desperate — desperate — for more people,” Mulvaney said. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants.”

The Trump administration wants those immigrants to come in a “legal fashion,” Mulvaney said, according to the recording.

Mulvaney’s remarks appear in contrast to the public position of several top figures in Trump’s White House — especially that of senior policy adviser Stephen Miller — who have been working to slash legal and illegal immigration through a slew of policies that aim to close off the U.S. border to foreigners. They have insisted that the steady arrival of newcomers depresses wages for the blue-collar U.S. workers whose votes helped lift Trump to the presidency in 2016.


https://www.washingtonpost.com/polit...dd7_story.html