Message from @gayoof
Discord ID: 682064467734954059
And food prices are increasing on food storage
Eh, well they are working on a vaccine for it so we are said to have it by 2021
By that time we might something worse then the black plague
Hopefully we can vent and quarantine people until this mess is figured out
Well the Black Plague was spread by rats and at that time the cities were relatively dirty
Things are cleaner now than they were in the medieval times
I know I'm just saying that this thing might go down as the most deadliest virus ever
Scary too because this thing spreads like wild fire
@Cobra Commander I thought 40% was bad 60% is insane
Not deadliest in terms of death rate, but it's plenty deadly in its own right. Combine that with our highly connected world today and you have a shitstorm that could be on the level of the Spanish Flu or Black Death pandemics.
could help with global warming tho
Well apparently the pandemic cut China's emissions down by up to 25% so sure.
lmao
shut down asia entirely
we should just nuke all of asia
who agrees with me
Bad idea you would make lots of parts of Asia unsuitable for life and people are start having wars nuking any country because of a disease is a very bad idea
im joking
Good thing I'm a loser who spends his time indoors
stfu
@Deleted User You know earlier how I was making the argument that tax cuts/increase increase/reduce growth respectively? You pointed to the fact I can only show corporate taxes.
Well I found good evidence of this on income tax changes too.
Ooh, gimme please @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
@sɪᴅɪsɴᴏᴛʜᴇʀᴇ go ahead
Lol
‘Congress now worried the admin is not adequately prepared for handling Coronavirus here in the US. Trump blames coverage, but he’s had wks to plan for & speak w/ the US public in a calming but sober manner about this. Lack of transparency cost China, he needs to learn from that.’
> In terms of consequences, our results indicate that tax changes have very large effects on output. Our baseline specification suggests that an exogenous tax increase of one percent of GDP lowers real GDP by roughly three percent.
@Sophie
Lol
That methodology is so sketchy, I’m shocked that ever got published
Obviously that’s nonsense, we had more economic growth when the tax rate was higher.
What methodology is of issue? @Sophie
> Obviously that’s nonsense, we had more economic growth when the tax rate was higher.
This isn't how we find causation, you just claimed there was something wrong with their methodology without opening the paper - then proceed to make a statement like that.
They tried to adjust for outside influence by just checking the timing of speeches
?
No, they don't.
> We use the narrative record, such as presidential speeches and Congressional reports, to identify the size, timing, and principal motivation for all major postwar tax policy actions. This analysis allows us to separate legislated changes into those taken for reasons related to prospective economic conditions and those taken for more exogenous reasons.
Is the different type of tax changes.
It's not relevant to my point, I'm just drawing out data from the paper.