tag:blogger.com,1999:blog-5806884.post113097274817228697..comments2023-10-31T03:18:26.963-07:00Comments on Great Guys Weblog: The Boom that Wasn't?Brethttp://www.blogger.com/profile/15063508651955739056noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5806884.post-1131583379819899102005-11-09T16:42:00.000-08:002005-11-09T16:42:00.000-08:00That is interesting. Indeed, I've modeled the rat...That is interesting. Indeed, I've modeled the rate of GDP growth using a combination of the increase in tax take as a drag and a Kurzweilian accelerating exponential as a boost and it actually looks pretty good.<BR/><BR/>I suspect the same model would actually work for continental Europe as well. I'll publish something on that as soon as I can.Brethttps://www.blogger.com/profile/15063508651955739056noreply@blogger.comtag:blogger.com,1999:blog-5806884.post-1131495679957695552005-11-08T16:21:00.000-08:002005-11-08T16:21:00.000-08:00It occurs to me that the tax take as a percentage ...It occurs to me that the tax take as a percentage of GDP was much lower in the post-WWII expansion compared to the later expansions - and it was the big outlier on the upside, hmmmmmm? This was true even with very high marginal statutory rates because: there were many deductions, exemptions and loopholes; income thresholds for the high rates were very high: and capital was taxed lightly.Howardhttps://www.blogger.com/profile/14980738175201874292noreply@blogger.com