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I think the growth drag would be larger than 0.2% a year, but if you accept the numbers, a difference in 1.5% growth vs 1.3% over 10 years amounts to (1.015^10 - 1.013 ^10) = 2.27% of current GDP, which was $19.4 trillion in 2017. So 2.27% of $19.4 trillion is $440 billion, which means GDP per capita would shrink by more than $1300 a year, since the U.S. population is about 330 million.
1 posted on 11/14/2019 7:40:02 AM PST by karpov
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To: karpov

I wish that Americans would understand what happened to them, once they get what they want. But they won’t. They will believe the propaganda that it’s the few remaining conservatives that are screwing up the communist paradise.


2 posted on 11/14/2019 7:42:15 AM PST by brownsfan (Behold, the power of government cheese.)
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To: karpov

Try living with the current tax revenue. No increases.


3 posted on 11/14/2019 7:43:46 AM PST by Rapscallion (A President must govern through policy and have self control at all times.)
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To: karpov

Democrats want to wreck the economy in order to save it.


4 posted on 11/14/2019 7:44:37 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: karpov

What does she know , she only has 1 outfit


5 posted on 11/14/2019 7:44:52 AM PST by butlerweave
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To: karpov

Laffer is laughing


6 posted on 11/14/2019 7:45:09 AM PST by Freedumb
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To: karpov

There’s goes my tax return.


7 posted on 11/14/2019 7:46:51 AM PST by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne)
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To: karpov

Lizzie Warren took a tax,
and gave your savings 40 whacks,

When she saw what she had done,
she took some more ‘cause it was fun.


8 posted on 11/14/2019 7:47:04 AM PST by Kharis13
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To: karpov

If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs?
https://www.npr.org/sections/money/2019/02/26/698057356/if-a-wealth-tax-is-such-a-good-idea-why-did-europe-kill-theirs


9 posted on 11/14/2019 7:47:57 AM PST by tbw2
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To: karpov

Princess screeching owl is gonna PO a bunch of what she calls ‘buh-zillionaires’ with her tax scam.


10 posted on 11/14/2019 7:50:12 AM PST by rktman ( #My2ndAmend! ----- Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?)
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To: karpov

Does Warren talk about anything else besides Taxes Taxes Taxes ?


11 posted on 11/14/2019 7:54:08 AM PST by butlerweave
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To: karpov

Slow? Crashing halt!

With Warren, it’s not just the wealth tax; it’s the medical takeover; it’s the Green programs, a re-empowered EPA going wild, etc. It would be hard to separate the impacts of these separately, but together they are going to massively depress the economy and markets.

And the 0.2% guess of impact on the wealth tax alone is IMHO on the low side, as well.


12 posted on 11/14/2019 7:54:10 AM PST by Pearls Before Swine
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To: karpov

Wall $treet $$$ will cru$h thi$ lying bitch

“Send her back to Harvard”


13 posted on 11/14/2019 7:57:54 AM PST by A_Former_Democrat (Guns up . . . We cominÂ’. PS: Eric The Blower Ciaramella. PASS IT ON)
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To: karpov

Warren’s preposterous economic (and medical) plans....

A computer would probably conclude that the following plan would reduce heating bills and warm your house:
Warren can set fire to your house and burn it down.

During the first five minutes the house is warmer without the furnace even being turned on. The cost in losing your entire house? Let’s not get into that.

Her tax and health plans would destroy our economy, not just tamp it down a percentage. Dem Socialists must be stopped now.


14 posted on 11/14/2019 8:03:39 AM PST by frank ballenger (End vote fraud & harvesting,%non-citizen voting & leftist media news censorship or we are finished.)
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To: karpov

She knows, and doesn’t care. Destroying the country would be OK with her, as long as it’s “fair” (everyone is equally miserable, except the ruling elite, of which she is a member).


15 posted on 11/14/2019 8:04:53 AM PST by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: karpov

She needs to settle here Tuition account, with interest, - and answer for the fraud she imposes on the Public.

Until that happens...….?? Shut your lying mouth!


16 posted on 11/14/2019 8:22:24 AM PST by EnglishOnly (eWFight all out to win OR get out now. .)
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To: karpov
"... if the proceeds went toward reducing the federal debt..."

Ha ha ha ha ha...ROFLOL.

She wants to spend TRILLIONS on leftist programs that will destroy the United States. To my knowledge, she has never once mentioned reducing the debt.

NOBODY in the federal government ever wants to reduce the debt. The debt will never be reduced.

17 posted on 11/14/2019 8:26:18 AM PST by ProtectOurFreedom
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To: karpov

Her screech is sounding more and more like Hellary’s.


18 posted on 11/14/2019 8:30:43 AM PST by bgill
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To: karpov

Fake news. The math is rather simple. If you tax 6% of wealth every year you will have 0 billionaires before a two terms of this nonsense is up. Once that happens the revenue from the tax will go to 0 unless you lower the threshold from a billion. Wrote a nice program to prove this. And that’s being generous with the income those billionaires would generate.


19 posted on 11/14/2019 9:08:46 AM PST by wiseprince
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To: karpov

‘could’?


21 posted on 11/14/2019 3:58:13 PM PST by tinyowl
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