I’m about to dump this bibliography onto Delaware Liberals comment section as a response to Cass’s admonition that there is no empirical evidence that raising taxes grows the economy.
I understand her frustration. Having dealt with Global Warming deniers, I am aware of all the twists and turns one uses to escape overwhelming evidence that one is wrong. As with Global warming there are many moving parts. I remember Tommywonk illustrating the difference between weather and climate. There is a difference.
Usually the argument of distraction is used. I know someone whose house flooded after Sandy, who once said to me “Ha, Ha, there is a glacier that is growing ice. Global warming is debunked.” They were unable to grasp the big picture, that if the average global temperature was rising, then the earth was getting warmer, even if you did get snow in October.
The overwhelming evidence in regards to the economy, is that when tax rates are too low, inevitably economies fail. When tax rates are high, economies do well across the entire board of measurements.
Obviously having a bibliography in someone else’s comment section will be hard to find. It is here for anyone wanting to reference data available that answers the question “why” higher taxes grow economies….
Rutgers economic historian James Livingston has reasserted it in an excellent book: “Against Thrift”.
I hope you don’t mind that I left them in browser form. It was late, and I thought that at least seeing the raw links was easier to pick and choose among, than clicking blindly. Enjoy.
(just added this… Although it is possible that Google has though my previous research tailored my search results to my liking, but when I Googled “evidence that high taxes creates new jobs” I got pages stating that “low taxes do not create jobs”. Those touting that low taxes did create jobs, were all copies of one study derived from the Cato Institute, and …. they always ended with “well, it just has to be this way”. Not very solid intellectual arguments to be sure.) It appears there that Mitch’s philosophy “Low taxes create jobs.” has been removed from internet consideration as being a serious topic.