Economic simulation
For decades, the Republicans have contented that raising the personal
income taxes on the top 5% income "earners" will reduce the money
available to create jobs. The converse is that decreasing these personal
income taxes will increase the jobs created. But, the personal income
taxes have gone down and the unemployment rate has gone up. This
suggests that if decreasing taxes increases the unemployment rate then
increasing the personal tax rate will decrease unemployment.
It should be possible to test this conclusion with computer simulation. If these simulations have been done, then either the results were published in obscure journals or the folks doing the simulations did not like the results and didn't work very hard to get them published.
It should be possible to test this conclusion with computer simulation. If these simulations have been done, then either the results were published in obscure journals or the folks doing the simulations did not like the results and didn't work very hard to get them published.
1 Comments:
Man, you can actually do that in game called Virtonomics. This is very deep economic simulator with political functional.
http://virtonomics.com/
Maybe our politician would learn how to rule a country and how to optimize budgets if they players such games ;)
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