I am sorry I didn't say that myself re: static vs dynamic scoring. Of course the Dumbocraps use static idiocy to their best advantage, much in the same way they use MOST school teachers to promote their insidious socialist innuendo anti-capitalism.
The Dem simpletons/liars are simply denying to admit they/we have had 3++ historical example cases of tax cuts revving revenues - JFK, RWR, Newt & W. I was in 5th grade when JFK was shot - but in 1980 or so I had heard his speech urging tax cuts to grow the economy. RWR amplified it and I immediately turned into a fiscal conservative. 19 shares of IBM as a graduation present began my avid following of investing and the politics that affect it so greatly.
High taxes cause capital flight and tax evasion by all classes - but the elites always have their outs & we little'uns never had.
Kerry paid 12% on $5 MILLION. The walking PR##K!!
All the marxist "philanthropies" of the left were set up for the express purpose of promoting the socialism/fascism that works to concentrate their wealth even more, and at taxpayer's expense, while at the same time shielding from taxation the vast wealth of those fantastically wealthy dynasts. Rockefeller leaps into mind - the creator of those commies at the CFR.
In 1979-80, at the time RWR was campaigning, I took an econ 101 course and our Prof David Denslow (who I'll never forget) taught us about the Laffer Curve. Simple stuff really - common bell curve - zero tax rate = zero revenue & 100% tax rate likewise (why work?).
Somewhere in between is the tax rate that maximizes revenue at the top of the bell. The Dems have always prefered (x-JFK) to keep tax rates between the optimum and 100%. That way the economic malaise created is used to make us think we need them to enact more laws, protect more industries and RAISE taxes!!!! I hate them to my very core almost to the point of a rampage of bodily harm!! It is SOOOO exasperating!! Arrggghhhh!!
I myself was a longhaired lefty in the late 60's, still libertarian re: ltd Govt, but never have, and never will, vote for the socialist bastard Dems.
Art was on Kudlow today along with a Banker who is refusing to loan developers money where the property was taken by ED NOT for public use but private. A GREAT American he is, Art too. I love him for it.
If anyone thinks Kerry and the rest of the Govt assisted/subsidized/sweetheart super wealthy in Davos are up to any good, guess again my friends.
Eternal: of course income taxation is unconstitutional and we should be working to remove it altogether, but I don't see how to abolish it until Govt is already in serious devolution? What say you?
Norquist thinks it can be halved in one generation - could we do it?
Great stuph!