Posted by mooreds 15 hours ago
PS And you wonder why Mississippi is richer than the UK.
PPS The Laffer curve is real, has a mountain of evidence and disproves this paper.
And in the late 70s, they launched Operation Berkshire as a bulwark against negative press and government regulation.
They have literally been found guilty of conspiring to suppress the health risks.
I'm not sure what point you're trying to make
every single time its resulted in lower tax intake compensated with more deficit spending.
The last 6 CA tax increases all resulted in less taxes being collected the following year. Now there are multiple things that can impact total tax collected for CA (mostly the S&P500), but those factors all varied in those 6 tax increases. As for federal tax, if a tax cut doesn't result in an increase in taxes collected, then you are likely below the optimum point in the curve.
PS The government doesn't have a tax collection problem, it has a spending problem. On average, every public sector job costs 3 jobs in the private sector. If the size of a government is choking the economy, then messing about with the tax rate won't fix the problem.
Because Mississippi didn't have Brexit /s
All jokes apart I don't see any real evidence that Mississippi is richer than the UK. Their median household disposable income is pretty damn close ($49k vs $54k). The UK has a better social and health safety net (where would you rather be unemployed or disabled?).
Mississippi has much lower life expectancy than the UK (69 vs 79 for men). Crudely speaking a Briton makes $5k less/year but lives 10 years longer - a trade almost anyone would make in a heartbeat.
I won't bother digging into other quality of life indicators vs economic indicators but I expect Mississippi will be mostly equal or worse.
On average Mississippi may have higher dollar numbers on a spreadsheet. That doesn't mean squat for the ordinary person on the street. If anything this is an argument against trickle-down economics/the Laffer curve.
I have been to the UK and I have been to Mississippi. Quality of life in Mississippi is far higher unless you really really like musicals (London is big for those). Mississippi has a better history of music and writing over the last 100-150 years. The food is cheaper and far more tasty. The weather is warm and winters are mild. They generally don't get natural disasters unless you live right by the coast and even then its once in 70 years. The health care is far higher quality. The people are warm and friendly. And the cost of living is lower.
The British are known for being miserable for a reason.
PS We had bad ice storms where I live (certainly far worse than MS) 2 winters ago. I wouldn't call it a natural disaster.
PPS Remember we are comparing the weather to the UK, not Hawaii or San Diego.