Louder with Crowder cover image

Louder with Crowder

DNC Fact-Checking Livestream Night 2

Aug 23, 2024
In this lively discussion, prominent political figures like Kamala Harris, Senators Elizabeth Warren and Alex Padilla, along with Governors Gretchen Whitmer and Roy Cooper, tackle the absurdities of modern political discourse. They humorously critique the Democratic National Convention, touching on topics like gun violence, political accountability, and reproductive rights. The conversation blends sharp satire with real-time fact-checking, all while poking fun at celebrity influence in politics and showcasing the complex intersection of current issues and political rhetoric.
02:55:35

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses Hauser's Law, revealing that U.S. tax revenues consistently stabilize around 19.5% of GDP regardless of tax rate changes.
  • It highlights that prior to Trump's tax cuts, the U.S. corporate tax rate was the highest among developed nations, impacting business competitiveness.

Deep dives

Hauser's Law and Tax Revenue Stability

The podcast discusses Hauser's Law, which suggests that tax revenues in post-war America consistently hover around 19.5% of GDP, despite fluctuating tax rates. W. Kurt Hauser's 1993 findings highlight this stability, indicating that revenue remains fairly constant, falling between 16% and 20% across different tax regimes. This observation challenges common beliefs about how tax rates influence overall tax income. It emphasizes the idea that regardless of changes in taxation policy, total tax revenue remains remarkably stable.

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