tag:blogger.com,1999:blog-4900303239154048192.post8376587859897291211..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: John Taylor on Pawlenty’s 5% Growth for a Decade ClaimUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-24266228501238002612011-06-16T23:01:56.000-04:002011-06-16T23:01:56.000-04:00The problem is that you can't get high rates o...The problem is that you can't get high rates of growth without high marginal tax rates. Look at history. That's a simple fact. Sure, 5% growth would be nice, but it would take a much higher tax rate than would be politically acceptible.Exl Bloggerhttps://www.blogger.com/profile/01383080419846815353noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-59704439778691927322011-06-14T11:40:08.610-04:002011-06-14T11:40:08.610-04:00Taylor is a conservative Keynesian who had a leadi...Taylor is a conservative Keynesian who had a leading role in Paul Ryan's plan. He's always believed that the deficit crowds out growth. <br /><br />This is just Taylor's way of trying to glom onto something that has appeal and drag it back to Taylor's own focus on spending cuts. Of course Pawlenty is making a mistake muddying his message with a balanced budget. <br /><br />Pawlenty's strength is that he can offer business tax cuts without looking like a rich asshole (that's where he beats Romney).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-10983041101017111332011-06-14T03:23:00.752-04:002011-06-14T03:23:00.752-04:00It seems to me that if you want full employment th...It seems to me that if you want full employment then you will have to provide medical insurance through MEDICARE or something similar for all persons. This implies that large employers will loose their ability to cut really good deals with the large insurance companies and therewith their ability to trap workers into low wage jobs at long hours. Another means of job creation is a highly progressive business tax that makes smaller corporations much more profitable than extremely large ones on a per share basis. This "reduction in scale" is less efficient. But that is exactly what is needed in the absence of a socialist state that does the redistribution more directly. And last but not least is the imposition of trade barriers that make offshoring unprofitable.<br /><br />I think most rational people CAN understand these things if given the opportunity. It is hard to believe that so much effort is devoted to making these obvious answers seem economically perverse.TheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.com