Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: CMAC51; Wings-n-Wind
And careful with the napkin reference. Reaganomics, which helped bring us out of the Carter era, was inspired by a bell-curve that Art Laffer drew on a restaurant napkin.

My beef with the Laffer Curve is that it only demonstrates the optimal tax rate, revenue-wise, not that the gub'mint actually needs to extract that amount to function...

It should go without saying Dems are more interested in power than optimizing revenue, hence the emphasis on higher, but much less efficient, not too mention counter-productive and punitive tax rates.

6 posted on 06/21/2012 8:12:20 AM PDT by Calvin Locke
[ Post Reply | Private Reply | To 4 | View Replies ]


To: Calvin Locke
It should go without saying Dems are more interested in power than optimizing revenue,

***************

THI-I-I-S-S-S-s-s-s....
....was precisely my point in my little impromptu blurb.

Thanks for your analysis.

7 posted on 06/21/2012 10:41:45 AM PDT by Wings-n-Wind (The main things are the plain things!)
[ Post Reply | Private Reply | To 6 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson