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To: CPOSharky; Baraonda
Except for the end points, it is impossible to predict what a Laffer curve will look like. It can only be determined by trial and error...

Besides the end points, we also know (without trial or error) that virtually all points between the ends are more than zero, and that they're not all equal, which means that there has to be a maximum  point in there somewhere.    The way we know whether we're on the right side of the maximum (excessive rates and diminishing returns) is by cutting taxes (we did) and seeing if revenue goes up (it did).

Tell me if I'm missing something, but it sure looks to me that this proves that before the cuts we were over taxed.

92 posted on 01/01/2006 10:03:35 AM PST by expat_panama
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To: expat_panama
...and seeing if revenue goes up (it did).

And why hasn't Bush been shouting that fact from the rooftops at every opportunity?

99 posted on 01/01/2006 11:15:03 AM PST by inquest (If you favor any legal status for illegal aliens, then do not claim to be in favor of secure borders)
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