Actually, it is technically true that you never said that higher taxes cannot bring higher unemployment. Because you did not say anything at all. This is precisely what you said:neverfail wrote: ↑Thu Dec 19, 2019 1:53 amNO point in refuting those points as you will bring them back again regardless.cassowary wrote: ↑Wed Dec 18, 2019 9:49 pmSince you "chose" not to answer, let it be remembered that you did not refute the points I raised. My contention is that higher taxes slow down economic growth and cause unemployment.
From past experience, the subject will crop up again sometime in the future. You will claim that I keep flogging the "same old dead horse," as though the argument had been settled in your favor.
I never said that higher taxes cannot bring about higher unemployment; just that they do not always do so - contrary to your black-and-white view of the situation.
I was using the Socrates' method of debating - by asking you common sense questions that eventually leads to you to not having any choice but to agree with me. So of course, you refuse to answer the questions.Since it is impossible to reason with an ideologue, I choose not to answer any of your above loaded questions.
You are quoting your own opinion, while I quote the opinion of respected economist Milton Friedman who won the Noble Prize. I also gave you a link to an article saying that the majority of economists believe that the minimum wage raises the unemployment rate.Please, stop flogging the same old dead horse Cassowary. You do not seem to have published an original thought on this and related matters for years.(CUT AND PASTE FROM ABOVE)This is not armchair-hypothetical speculative stuff like a lot of your offerings but real life observation over a quarter of a century period (1945 to 1972). Indeed, I can see how protecting the wage levels of the most vulnerable sectors of our workforce with mandatory minimum wage rulings helped create additional employment by expanding the number of consumers with discretionary spending powers. The fact that this country has had structural unemployment since the OPEC oil price increases of the 1970's (which you seem to have had no direct experience with) has absolutely nothing to with our minimum wage and everything to do with structural changes to our economy (do you even comprehend what that means? ) forced upon this country in the aftermath.We also had minimum wages that were higher than ever and constantly raised to compensate beneficiaries for a rising cost of living. In those days our unemployment was almost consistently below 1% of the workforce and we needed to take in an average of 100,000 immigrants per year to fill unfilled job vacancies. Now with a globalized economy and slack policing on firms exploiting foreign workers allowed in via temporary visas by underpaying and overworking these we suffer an average unemployment rate of around 5%.
This is not hypothetical speculative stuff.
Where did you get the number saying that Australian unemployment was 1% during the period 1945 to 1972? Can you provide a link to support your argument?