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To: Egon

This is what I do with the economic illiterates (80%+ of the USA population):

I ask them 2 questions.

1. How much tax would be collected if rates were 0%?

2. How much tax would be collected if rates were 100%?

If they’re too illiterate to figure it out, I explain how both questions have the same answer. If they get that, then they must agree that lowering the tax rates can increase tax dollars collected.

We, the literate, must ALWAYS correct someone when they talk about lowering and raising TAXES. That is incorrect verbiage. Only RATES can be raised or lowered. Once they get that, got to the 2 questions and repeat.


5 posted on 10/05/2012 7:25:49 AM PDT by bankwalker (In the land of the blind, the one-eyed man is king.)
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To: bankwalker

It is truly amazing how many deny the fundamentals of the Laffer Curve.


17 posted on 10/05/2012 3:24:20 PM PDT by FreedomPoster (Islam delenda est)
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