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View Diary: MUST READ: Nate Silver's Price Is Right Theory (197 comments)

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  •  What's Your Question? "Duh?" Is Rather Difficult (0+ / 0-)

    to parse.

    See this rambling wreck that substitutes for incisive analysis:

    even most liberal economists seem to think that some measure of tax cuts are a decent idea

    This has all the thought behind it of one of the usual mangy monograms tonight from Chris Matthews decreeing

    Tax cuts are a Republican thing

    For sure, Nate can only approach Matthews for arrant nonsense dressed up as Divine Truth but I am not overly pleased to see Nate even try.

    The received wisdom since Reagan is that the payroll tax is not an income tax, is not even a tax.  In fact the payroll tax has been one of the main engines transferring wealth from the bottom of the economic pile to the top.  The income gap has become a Grand Canyon that cannot be bridged by some idiot middle class blather.

    The tax burden on poor people is enormous and rising while the tax burden on the super wealthy has continued a precipitous decline.  People who must spend all they can get on things like food and shelter (and booze) can stimulate the hell out of the economy unlike a lounge lizard who is cutting down.

    Again, what's your question?

    Best,  Terry

    •  With our deficits (1+ / 0-)
      Recommended by:
      Smedley Hirkum

      tax cuts are totally inappropriate.

    •  Well, again, my question was merely (1+ / 0-)
      Recommended by:
      bradams

      What was your point/issue, other than you didn't like what Nate had to say?

      But thanks for giving me some new benchmarks for "incisive analysis" such as:

      This has all the thought behind it of one of the usual mangy monograms tonight from Chris Matthews decreeing

         Tax cuts are a Republican thing

      or

      The received wisdom since Reagan is that the payroll tax is not an income tax, is not even a tax.

      or finally,

      The income gap has become a Grand Canyon that cannot be bridged by some idiot middle class blather.

      But Nate did have a worthwhile suggestion that I should listen to more often:

      Instead, I would encourage everyone to cut down on their consumption of political blogs for the next few weeks and instead read more of Brad DeLong and Greg Mankiw and Paul Krugman and Tyler Cohen. Those are the sorts of people I'm interested in listening to on this; all others must bring data.

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