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Laffer Curve Works Again
HUMAN EVENTS ^
| Dec 28, 2005
| Jerry Bowyer
Posted on 12/31/2005 8:45:33 AM PST by george76
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To: Paloma_55
"When the economy is good, the tax rate should slowly increase until the economy starts to slow down at which point it should start to slowly drop." This is only true if your objective is to maximize returns to the government, a hideous idea in any context. The government should be put on a strict money diet and deprived of all but truly essential funds. Giving money to the government is like giving whiskey and car keys to a 15 year-old
41
posted on
12/31/2005 10:28:57 AM PST
by
muir_redwoods
(Free Sirhan Sirhan, after all, the bastard who killed Mary Jo Kopechne is walking around free)
To: Chuck_101
Do you mean like this ?
42
posted on
12/31/2005 10:35:00 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: DakotaGator
You are correct.
The Laffer Curve is the first of many steps to try to explain to the DUmmies that higher tax RATES do not automatically mean higher Revenue.
If we can get some of the DUmmies to understand that lower RATES often mean higher REVENUE, then we can move to the second step.
43
posted on
12/31/2005 10:38:03 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
Yup...what's the trick to it???
44
posted on
12/31/2005 10:38:34 AM PST
by
Chuck_101
(Lower rates equal higher revenues)
To: Darth Reagan
45
posted on
12/31/2005 10:38:55 AM PST
by
marblehead17
(I love it when a plan comes together.)
To: Chuck_101
Is this the other one ?
46
posted on
12/31/2005 10:39:27 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: Paloma_55
It would be impossible to adjust tax rates and the revenue taken from them based upon fluctuations in the health of the economy in a timely manner. It would wind up with an endless wave of strength and weakness from one industry to the next and would be very unstable.
Also, do we really want the government that involved in determining what is a healthy economy and at what point they want to turn it around? That would put elected officials in the position of controlling a dial that they will ultimately use at re-election time.
47
posted on
12/31/2005 10:40:27 AM PST
by
Ghost of Philip Marlowe
(Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
To: george76
Yes...
So from now on, I guess I'll just write to you, and YOU can post the illustrations...'cause I can't figger it out!
48
posted on
12/31/2005 10:44:17 AM PST
by
Chuck_101
(Lower rates equal higher revenues)
To: Willie Green
So we raise our tariffs on imports and reduce our income tax. Who pays that tariff? The American consumers when they purchase an import. And then what do the nations we export to do? They raise tariffs on our exports. We sell less. Their economy slows. Our economy slows. Then our government raises our income tax to compensate...but increases it when the economy is poor.
As Thomas Sowell says, you're in a boat and the guy at the front of the boat shoots a hole in his end -- raising tariffs is like trying to fix the sinking boat by shooting a hole in your end of the boat.
49
posted on
12/31/2005 10:44:35 AM PST
by
Ghost of Philip Marlowe
(Liberals are blind. They are the dupes of Leftists who know exactly what they're doing.)
To: Chuck_101
Start with
<img src="
then the picture location http...(that can be found by right clicking with your mouse and then copying the properties...starting with http)
then with "...
Then finish with the reverse of <
to close the image source.
50
posted on
12/31/2005 10:45:43 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: Paloma_55
"When the economy is going nuts, raise taxes...not a lot, but enough to slow it down and increase revenues like the dickens"
Eliminate ll the illegal and unconstitutional social services, SS, Medicare/medicade, food stamps, hud, etc., the government needs less money not more.
51
posted on
12/31/2005 10:46:34 AM PST
by
dalereed
To: Chuck_101
52
posted on
12/31/2005 10:47:09 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
Thanks...I really appreciate it...
and...
HAPPY NEW YEAR!!!!
53
posted on
12/31/2005 10:50:04 AM PST
by
Chuck_101
(Lower rates equal higher revenues)
To: george76
That Laffer curve (without numbers) makes it look as if the best tax rate is 50%!
54
posted on
12/31/2005 10:56:00 AM PST
by
Right Wing Assault
("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
To: Paloma_55
"Practically speaking, the tax rate should vary and not be a fixed value, but here is how it should work."
Perhaps you meant to say, "impractically speaking.." Politics would never act so precisely, so this idea is utterly IMPRACTICAL.
Furthermore, it is wrong. The function of tax rates is not to regulate the economy. It is to provide resources for legitimate government functions: defense and justice.
One of our problems is that tax money is used for all sorts of transfer payments, breaking the nexus between provider and spender, and thereby irrationalizing the deployment of resources. Government expenditures often make certain problems worse, as in the field of education, where government control has diluted what is taught, and has acted to drive up college expenses. It has encouraged a whole industry engaged in keeping young people out of the word of adult responsibility. Much of our "spoiled child" culture is driven by this system.
Anyway, the Laffer curve does work. It is a mixed blessing, though, if it gives the government more money.
55
posted on
12/31/2005 10:57:52 AM PST
by
docbnj
To: Chuck_101
56
posted on
12/31/2005 11:04:31 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: george76
If we can get some of the DUmmies to understand that lower RATES often mean higher REVENUE, then we can move to the second step.Sigh. That's a mighty big "if". DUmmies operate on faith in their religion, socialism/communism; not on reason.
Your second step is a nice vision. Probably all we can do is keep trying to implement positive change and drag the rest, kicking and screaming, into prosperity.
To: Chuck_101
Chuck_101 said:
"The Laffer Curve establishes that there is an optimal tax rate, which can be discovered through trial and error, and once discovered, should be adopted permanently." Our nation's Founders would be outraged that we are discussing as "optimal" that tax rate which is so high that further increases in the rate lead to reduced government revenue. Only the tremendous productivity of technology has allowed this situation to occur. But it puts government in control of a proportion of expenditures which is unhealthy for a free people.
58
posted on
12/31/2005 11:12:22 AM PST
by
William Tell
(RKBA for California (rkba.members.sonic.net) - Volunteer by contacting Dave at rkba@sonic.net)
To: Right Wing Assault
Government is like a baby: An alimentary canal with a big appetite at one end and no sense of responsibility at the other.
Ronald Reagan
59
posted on
12/31/2005 11:14:43 AM PST
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
To: rdb3
>>>
Gimme a 12-15% flat rate, and I'll be satisfied.<<< Russia's flat tax rate is 13%.
If spent wisely and with intelligent priorities and fiscal restraint, 13% should be about the right number for the U.S.
do I think I'll see it in my lifetime....no.
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