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@antonydavies·6.1K subscribers·805 videos
Can We Balance the Budget By Raising Taxes?
Posted
February 24, 2011
Views
30,502
Likes
259
Comments
153
Engagement
1.35%
February 24, 2011
30,502
259
153
1.35%
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0:50Now PlayingWant a closer look at the chart? See Prof. Davies' PDF here
Summary: Professor Antony Davies asks whether the United States can balance the federal government's budget by raising taxes. Looking at historical data of tax rates compared with government revenue, he shows that government revenue has remained essentially constant since 1969, despite wide changes in marginal tax rates. Prof. Davies concludes by suggesting that the optimal tax policy is be a simplified system with low rates.
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