Off Topic — HabitableZone

Off Topic

Have we created a myth regarding high taxes retarding economic growth.

Was reading an article on the Great Depression. It has a timeline for events, unemployment, taxes, etc. Here is what it points out was the situation after WW II. Maybe the Conservative mantra that high taxes inhibit growth belongs on Snopes. They've repeated that particular chant so very often for so long no one particularly questions it.

"The top tax rate is 91 percent. It will stay at least 88 percent until 1963, when it is lowered to 70 percent. During this time, America will experience the greatest economic boom it has ever known."

There are a number of citations following the article but not for any specific portion of such.

Arf

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