Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 687386441193357340
No
A deductive statement: Higher interest rates can reduce growth as people borrow less, this is positive.
Positive has to have a cause and effect
“The sky is blue” is not a positive statement
That's positive.
We can test that claim.
But it is an objective statement
Which is positive.
Like I said, it all branches under positive or normative.
Ok, I tire of this. I assume you either know you’re wrong and are just trying to argue to save face, or you’re just too dumb to ever understand
No, you’re simply wrong. Please educate yourself.
Let me just get the good old economic textbook
@Dr.Cosby Did you see my proof?
I told you I have no issues providing evidence, I was simply making an opinion however.
Please, get an economics textbook.
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ Yeah mate, I took a look at your link dump - so, care to summarize any of the points there? I doubt you read ANY of these lol
Actually I have; Corporate taxes reducing investment is one of the flaws.
Which is obviously bad, it leads to lower wages.
First one concludes, "We present cross-country evidence that effective corporate tax rates have a large and significant adverse effect on corpo-rate investment and entrepreneurship"
So, why are tax rates too high?
Since I believe in a 0% Corporate tax, the evidence suggests taxing capital income is reducing investment and competition.
I.e "too high".
Oh a 0% tax, I see
Lol
Yep, it's not an unusual policy.
It's actually widely supported by economists
Corporate tax is one of the worst taxes, most distortionary.
Very widely supported, yeah
So, are you against taxes in general?
Taxation is theft?
Yes I want low taxes.
Or you just want corporations to have a free pass?
Well, but you want 0%
Yes, corporate.
So, no taxes then?
That's the go to for me.
@Dr.Cosby A 0% corporate tax doesn't mean you want to abolish the government - it just means you want to abolish the tax on capital income.
I don't like this tax because it reduces investment; employment and employment growth; macroeconomic growth; wages; innovation; competition; entrepreneurship; raises prices among other things.
It has real long-short run effects too.
I have evidence for all of these effects in those studies I sent too.
So then, do you want to replace it with other higher taxes or cut spending?