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Here is a great website for people that want to actually learn how to spot statistical misuse\abuse.
It covers the kinds we commonly see in forums like this with examples and solutions.
The Gini coefficient is definitely a good and important measure of economic health, national policy, and standard of living. I posted several academic studies and charts concluding the following:
income inequality increases under Republican presidents and decreases under Democratic presidents
income inequality increases with Republican congressional strength, and decreases with Democratic congressional strength.
The difference is attributable to the difference in party ideologies: Republicans are more favorable for trickle down policies, while Democrats are more favorable for egalitarian policies.
To add some butter: Jeb! Bush (Republican Presidential Candidate) vs Hilary Clinton (Democratic Presidential Candidate)
Jeb! Bush
Quote:
On Wednesday, Jeb Bush joined Mr. Trump by issuing a tax plan that ends certain tax breaks for hedge fund managers. But aside from that detail, Mr. Bush’s plan stays very much on script for Republican tax plans: It cuts taxes for almost everyone who pays income tax, with by far the largest tax cuts at the top.
Quote:
According to an analysis by The New York Times, Mr. Bush’s tax plan would reduce the effective income tax rate on filers making $10 million or more per year to approximately 21 percent, down from 26 percent in 2013, the most recent year for which data are available. The average taxpayer in this group earned $29.2 million in 2013, meaning the plan proposed by Mr. Bush would have saved them an average of $1.5 million that year.
He would cut the top tax rate on regular income by almost 12 percentage points and on capital income by almost 4 points. The current seven-bracket tax system, with rates from 10 percent to 39.6 percent, would be replaced with just three brackets of 10, 25 and 28 percent. Maximum tax rates on investment income would drop from 23.8 percent to 20 percent.
The plan would add $1.2 trillion to the debt over 10 years, even when using a system favored by Republicans that takes into account any potential growth the tax changes could encourage, according to the GOP economists. The plan would add closer to $3.4 trillion using traditional methods, though Bush’s team called that figure “irrelevant.”
U.S. Democratic presidential candidate Hillary Clinton plans to make job creation the focus of her campaign over the next month, beginning with a $275 billion infrastructure spending plan that will be released this week.
Quote:
"My jobs plan starts with investing in infrastructure," Clinton said on Sunday at the launch of "Hard Hats for Hillary" in Boston, "not just because infrastructure jobs are good-paying jobs, though they are, and not just because we desperately need to invest in building our future again, which we do, but because investing in infrastructure makes our economy more productive and competitive across the board."
The hard hats group is made up of union workers in skilled trades such as carpentry who support Clinton's campaign. Clinton's campaign cited a recent study that showed the median wages for infrastructure workers, at $38,810 per year, were several thousand dollars higher than the national median for all workers.
“Research has found that infrastructure investment creates overwhelmingly middle-class jobs in construction and manufacturing sectors,” said Alan B. Krueger, a professor of economics and public affairs at Princeton University and a former chairman of President Obama’s Council of Economic Advisers.
That's your economic model for how the US economy performs.
That's one heckuva cunning formula Baldrick.
Quote:
Originally Posted by Mathguy
Here is a great website for people that want to actually learn how to spot statistical misuse\abuse.
It covers the kinds we commonly see in forums like this with examples and solutions.
The American Hunger Games: Top Republican Candidates Take Economic Policy Into the Wilderness
Quote:
The six candidates chosen here (based on composite polling) have remarkably similar, unoriginal, inequality-inducing, trickle-down economic recommendations for the country: reduce taxes (mostly on those who don’t need it), “grow” the economy like a sprouting weed, balance the budget by cutting as yet not-delineated social programs, overthrow Obama’s health-care legacy without breaking up the insurance companies,
Study reveals homicide and suicide rates tend to increase under Republican administrations, and decrease under Democratic adminstrations
Quote:
What Gilligan found was that suicides and homicides started climbing to epidemic levels following the election of a Republican president. If that isn’t annoying enough to the Grand Old Party, he also discovered that the rates remained around epidemic levels throughout the time Republicans occupied the White House. “The increase began during their first year or years in office, and peaked in their last year or years,” Gilligan writes. Those epidemic levels of violence, according to Gilligan, began to reverse direction in the first year or two of a Democratic administration and the rates reached their lowest point in the last year or years of the Democratic term.
Quote:
The cause: policies. In Gilligan’s view, the policies of Republican administrations increase socio-economic distress which has all sorts of ramifications that lead to higher rates of murder and suicide, while Democratic administrations reduce socio-economic distress which aids the psychology of the masses and brings down the levels of violence.
Here is a great website for people that want to actually learn how to spot statistical misuse\abuse.
It covers the kinds we commonly see in forums like this with examples and solutions.
Yup! Its a great link that more should read. I think it makes it sound easier then it actually is to spot them. Many are very complex, with the intention to make them hard to notice, and with profound consequences.
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