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Re: You Should Read More Economics
Tom Brosz — (archived)

I have been reading a bit. The second graph is from this paper.

You can't blame that on the tax cuts. It is part of the traditional economic cycle.

So, the drop in unemployment in the 80's is just part of the "cycle," but the drop in the late 90's is brilliant Clinton economic policy? Whatever works for you, I guess.

I believe the 90's exceeded that with a number closer to 3%. Why didn't you include data through the 90's?

Your postulate was that the "poor" were not benefiting from the 80's economic policies. I showed that they were. I will readily grant that income growth in the 90s was pretty good as well, but since the numbers in the graph don't go that high, I can't discuss actual numbers. If you can find a similar graph for the Clinton era, I'd like to see it. That the wealthy benefited as well is not really relevant, and the entire graph also ignores any movement between categories during the 80s. It would be worth checking out how many people in the lower percentiles wound up in the upper ones. Try the paper I referenced above.

Certainly you can't tell me that crippling the rich with massive taxes would have caused the income growth rate of the poor to increase even further?

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