That actually happened. And when I heard about it, I actually almost crashed my car! Scoured the net for a clip of it, and and is one of those places in time where something wasn't being recorded by someone. I did hear he almost stopped what he was doing, trying to figure out what to do next! And the version I heard (no doubt a Scottsman who'd had a few pints, lol), "Well, then stop 'fuken' clappin', you evil bastard!" Makes me roll to this day, as that's my kind of humor! Minus the pints, of course. Lol And gotta say, I've never had a bone to pick with Bono, besides a worry about his stance on firearms ownership by free people.. None the less, if that had been me on stage, would have had to take a few minutes to stop laughing, and saying that was a good one! Lol!
At least 10 of them come to mind immediately... http://forumblog.org/2014/01/europes-top-10-competitive-economies/
that list says its a competitiveness ranking. if a leftist is citing it...it probably favors high taxes and citizens who all make the same low wage relative to the cronies.
Conclusion "This review of empirical studies of taxes and economic growth indicates that there are not a lot of dissenting opinions coming from peer-reviewed academic journals. More and more, the consensus among experts is that taxes on corporate and personal income are particularly harmful to economic growth, with consumption and property taxes less so. This is because economic growth ultimately comes from production, innovation, and risk-taking....." http://taxfoundation.org/article/what-evidence-taxes-and-growth
jem, despite repeated assurances that he "gets it", always eventually comes back to two variable thinking: tax cuts equal economic growth. Any mention of Laffer reminds me of the Mencken quote re complicated problems and simple answers.
What Really Is the Evidence on Taxes and Growth? A 2012 Tax Foundation report asserted that “nearly every empirical study of taxes and economic growth published in a peer-reviewed academic journal finds that tax increases harm economic growth.”[2] The report cited 26 studies (19 on the impact of federal or national taxes on national growth and seven on the effects of state taxes on state growth), claiming that 23 of them find that taxes have a “negative” effect on economic growth, while the other three find a “neutral” effect. A previous CBPP analysis found that the Tax Foundation misrepresented the findings of three of the seven state-level studies it cited.[3] This analysis looks in detail at the 19 national-level studies and finds: The Tax Foundation mischaracterized, exaggerated, or selectively described the findings of six of those 19. When one adds to these six studies the three state-level studies that the Tax Foundation misrepresented and the three studies that the Tax Foundation correctly identified as showing a “neutral” effect of taxes on growth,12 of the 26 studies that the Tax Foundation cites do not support its flat assertion that tax increases harm growth. The Tax Foundation’s review omitted dozens of relevant studies published in major journals or edited compilations since 2000, many of which conclude that levels of taxation have little if any impact on economic growth or that adverse impacts are limited to particular taxes or time periods. The Tax Foundation’s assertion of a growing “consensus among experts” that taxes harm growth is false. In fact, studies that the Tax Foundation cited, as well as others that it omitted, explicitly note the lack of academic consensus. ..... Half of National Studies Cited Do Not Fully Support Tax Foundation Claim .... Tax Foundation Review Omitted Recent Studies That Contradict Its Claims...... ----------------- ----------------- In other words, someone had employed a republican mind at the Tax Foundation.
A powerful analysis by President Barack Obama’s first Chair of his Council of Economic Advisers (CEA) indicates the President’s proposed tax increases would kill the economic recovery and throw nearly 1 million Americans out of work. Those are the extraordinary implications of academic research by Christina D. Romer, who chaired the CEA from January 28, 2009 – September 3, 2010. In a paper entitled: “The Macrcoeconomic Effects of Tax Changes” published by the prestigious American Economic Review in June 2010 (during her tenure at the White House), she stated: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.” http://www.forbes.com/sites/charles...romer-knows-tax-hikes-will-kill-the-recovery/