A friend of mine posted the following chart on Facebook with the caption: “Clearly lower taxes isn’t the cure.”

I’m certainly no expert in economics, but my common sense approach says we need more details. It seems like it might be a span of 10 years? Is it a national demographic? How did they get the results? It could be a similar logical process to the Obama administration “saving or creating 2.5 million jo…

Just send him this, along with the comment “clearly, fewer pirates isn’t the cure.” http://en.wikipedia.org/wiki/File:PiratesVsTemp%28en%29.svg

http://www.americanthinker.com/blog/2009/09/graph_of_the_day_for_september_9.html Taxes were lower when they were higher.

Well, first of all, the figure for unemployment is pretty inaccurate: 1995 5.59 1996 5.41 1997 4.94 1998 4.50 1999 4.22 2000 3.97 2001 4.74 Bush, G.W. 2002 5.78 2003 5.99 …

Well, at least we know now where he got it from .

So did your friend say anything back? Or crickets?

My response: Correlation lololol. Not an extremely in depth response but worthy of the argument. The thing about these “low tax rates=bad economy” is that no real reason is ever actually proposed… It’s more of an argument from faith than anything else.

Anyone want to help me debunk this???

Economics Economics Questions

John_James May 20, 2012, 2:22am 18

AustrianSkool…please see here.

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Anyone want to help me debunk this???

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