Comment 123155

By KevinLove (registered) | Posted June 28, 2018 at 08:36:55 in reply to Comment 123148

1.) GDP growth increases tax revenues.

This is a false statement. GDP growth only increases tax revenue if that growth is taxed. All too frequently, it is not. And all too frequently that growth is tremendously harmful to human beings and the natural environment. That grave harm is a very good reason to be skeptical of policies aimed at increasing GDP.

For example, the #1 way of boosting GDP growth is through a large war or natural disaster. That is a good example of GDP growth that is not taxed. Governments tend not to pay sales taxes upon their arms purchases. And I would suggest that boosting GDP growth may be a poor reason to start a large war.

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