[CurlyDave]

...The classic definition of wise taxation is something like “Getting the most feathers with the least hissing.” Like it or not, America now has a Brobdingnagian bill to pay down. The Laffer tax curve still holds, and Donald will be backing down tax rates to allow business to rise...

There is a not-so-subtle flaw in both the feathers-hissing analogy and the Laffer curve. Both start with the premise that maximizing taxes collected is the right thing to do.

In reality, we need to do something similar to the Laffer curve, but plot GDP vs. tax rate, and optimize tax rate for maximum GDP.

We could call this the CurlyDave curve.

[HiTech RedNeck]

If we could wave a magic wand over the national debt and it went poof, we might have a better case for a kinder tax plan.

However sooner or later credibility issues arise. Right now, to become a more fattened goose under Donald Trump only will embolden its creditors to demand a piece. Unless the US really gets wise with its national debt, the victory will be short lived.

[HiTech RedNeck]

This is also why Donald proposed a plan to dig out from the debt. He knows it can’t sit forever on the books. A leverage of kinds it might be, but sooner or later the enterprise has to catch up with it, or its credibility goes down the tubes.

So we are stuck with Laffer and goose feathers for now. If the US does dig out? NOW, we can talk about a follow up plan along different lines.