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girl gone mad

(20,634 posts)

8. I think this is somewhat disingenuos.

Reply to kpete (Original post)

Mon Jul 2, 2012, 06:25 PM

Jul 2012

In isolation, revenue raised as a percentage of GDP is a meaningless comparison which does not address the true impact of the tax.

To understand why, look at this graph of wages as a percentage of GDP over the last few decades:

Our GDP is significantly larger than it was in the 80s and 90s, but wages account for smaller portion of GDP than at any time since these records have been kept.

I'd like to see a chart that compares the hit in terms of income and wages rather than GDP.

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�Biggest tax increase in history�? Just look at this chart. Just look. That is all. [View all] kpete Jul 2012 OP

Now don't go meddling with the Teabagger's heads using reality! Archae Jul 2012 #1

"Facts, sir, are the enemy of truth!" ~ Don Quixote de la Mancha . . . Journeyman Jul 2012 #2

agree, they're demagoguing it. but my question would be why does aca require *any* increased HiPointDem Jul 2012 #3

Bigger question: why does it require any increased revenues? girl gone mad Jul 2012 #7

I think that's a fact. I mean, that was basically the argument. joshcryer Jul 2012 #9

Hey, what facts have to do with their assertions? nt ladjf Jul 2012 #4

This chart shows only revenue generated by each event. Southerner Jul 2012 #5

Why isn't the media calling these people out on their obvious lies? DearAbby Jul 2012 #6

I think this is somewhat disingenuos. girl gone mad Jul 2012 #8

I dunno, the disparity between the 80s and 2000s is only, what, 4-5 points at most. joshcryer Jul 2012 #10

Almost all of it was the bubble in private debt. girl gone mad Jul 2012 #11

Chart with ALL taxes related to "Obamacare" spedtr90 Jul 2012 #12