T1B

Tom In VA wrote:

Dinsdale wrote:

Goober McTuber wrote:And the GDP roughly doubled from 1970 to 1980.

Dear God, GOD, and G0D...


Just had to quote this, before you had a chance to think it over and edit it.

We're growing to be a new country now Dins. The thumpers have been thumped this election. Please adjust your appeals to authority as ...

Dear Science, SCIENCE and SCI3NC3 from now on.

Fuck off you tedious little twat.

Dins, feel free to actually address/attack the point. Your vacuous posturing adds little to the discussion. I'm trying to understand why the economy did so well with that high marginal tax rate. It seems that once it was drastically reduced (I believe that would be under the Reagan administration), we started to see the national debt ratchet upwards.

Goober McTuber wrote:I'm trying to understand why the economy did so well with that high marginal tax rate. It seems that once it was drastically reduced (I believe that would be under the Reagan administration), we started to see the national debt ratchet upwards.

No, what you said was "The GDP roughly doubled from 1970 to 1980," in regards to a growing economy.


I'll help you out.


Click here.


Now, which of those decades has the highest rate of inflation?


Think that might æffect the GDP?

Dinsdale wrote:

Goober McTuber wrote:I'm trying to understand why the economy did so well with that high marginal tax rate. It seems that once it was drastically reduced (I believe that would be under the Reagan administration), we started to see the national debt ratchet upwards.

No, what you said was "The GDP roughly doubled from 1970 to 1980," in regards to a growing economy.


I'll help you out.


Click here.


Now, which of those decades has the highest rate of inflation?


Think that might æffect the GDP?

What I said was that the GDP seems to double every 10 years. Regardless of the top marginal tax rate. You can focus on four years of Carter, but that doesn't really explain the other 26 years.

America is now an Obamanation!

Dinsdale wrote:

Goober McTuber wrote:I'm trying to understand why the economy did so well with that high marginal tax rate. It seems that once it was drastically reduced (I believe that would be under the Reagan administration), we started to see the national debt ratchet upwards.

No, what you said was "The GDP roughly doubled from 1970 to 1980," in regards to a growing economy.

I'll help you out.

Click here.

Now, which of those decades has the highest rate of inflation?

Think that might æffect the GDP?

Unfortunately your link says absolutely nothing about GDP (why doesn't that surprise me?)

To answer the GDP question, try this one:

http://www.measuringworth.org/usgdp/

Nominal (current dollars) GDP more than doubled between 1970 and 1980 (169%).
Real (2000 constant dollars) rose 37%

1970:
Nominal GDP ($billions) - $1038.50
Real GDP (2000 $billions) - $3,771.90
Nominal GDP per capita - $5,064
Real GDP per capita - $18,391

1980:
Nominal GDP ($billions) - $2,789.50
Real GDP (2000 $billions) - $5,161.70
Nominal GDP per capita - $12,249
Real GDP per capita - $22,666

Change from 1970 to 1980:
Nominal GDP - 169%
Real GDP - 37%
Nominal GDP per capita - 142%
Real GDP per capita - 23%