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The point is that raising taxes does not equate to more revenue unless you are able to grow GDP at the same time. 


Since tax revenues sit historically around 18% of GDP, the way to raise more revenue is to grow GDP, not simply raise tax rates.


Increased tax rates do equate to more revenue, if you are growing GDP by a proportional amount.. if GDP is shrinking or not growing at the rate you raise taxes, then an increase in tax rates will not mean an increase in revenue as a percentage of GDP.


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