Two common liberal economic fallacies — with Rider rebuttal
Recently a liberal online debater jousting with me presented two factoids that he smugly assumed proved conclusively that CA should have high taxes — that my concerns over CA taxes were thus “the height of sophistry.” Both his FACTS were true — but they did nothing for making his case. Indeed, they UNDERMINED his case — a delicious example of boomerang sophistry.
Since this nonsense periodically pops up out of the liberal playbook, I thought I’d deal with each factor in some detail here.
1. “California has the biggest GDP (Gross Domestic Product) of any state in the nation.”
True, but — so? If anything — this factoid should make the case for LOWER tax rates, not higher.
First, let me point out that, while California has the states’ highest GDP, we also are by FAR the most populous state in the nation. California has over 37 million people, while second place Texas has a bit over 25 million. New York state is third with over 19 million. In other words, our large GDP is no big deal. … Read More