Posted on 09/22/2008 3:19:03 PM PDT by grundle
BINGO!
Bigger GDP = bigger pie for everybody (including the gov.)
God Almighty only asks for 10%. Where in blazes does the gov get the nerve to ask for double that?
Think about it. Soros would pay. Warren Buffett will at least get his wish and pay more taxes. Steven Spielberg, etc.
Most of the rich are fashionable liberals. I'd love to see them pay a tax I don't have to pay.
Oh, and 501c3s will not count to lower figuring wealth, as holders of these bogus "charities" get to pocket the interest they earn.
New populism. Don't tax income, tax the excess wealth of rich liberals.
Now here is an observation that makes sense. The Laffer curve with Hauser’s law. Very cool.
At the rate we’re going, there will be no more rich to tax.
LOL. Okay, he is not stating that the Rates should be 20%, but rather, no matter what the rates, the result is that the collections are 20% of GDP due to the operation of the economy as an inverse function of the rates...the higher the rates the slower the economy and the lower the collections, but it still can’t get above 20%. Lower the rates and the thing takes off and they still get 20% of a much larger pie. See, it’s what you really want.
I don’t think much of your idea. Did you bother to read the article?
Rich liberals invest their money too. Sometimes they even give as much of it away as conservative rich people. How about we leave them all alone?
When or when is this very simple lesson going to be learned by the Rats?
It’s fascinating that something as large and apparently complex as the U.S. economy nevertheless has an inherent regulation, almost like homeostasis, that is basically impervious to government meddling.
I wonder if research would show that the percentage of wealthy, middle class and poor stays about the same no matter how large GDP is and then, separately, no matter what tax rates are.
Now we are getting somewhere. fightinJAG for President!
Trying to live by preying off others instead of by cooperating with them for mutual benefit, fails comprehensively every way it has ever been tried. It isn't the tactics, it is the goal and principle.
Laffer Curve.
Come again? The Laffer Curve... you know, the higher the rates the lower the collections, and its inverse.
Simply put, what works for businesses (which is what I believe Prof. Laffer’s point was) works for individuals. Which is to say there is a revenue maximizing rate for income taxes.
“It’s fascinating that something as large and apparently complex as the U.S. economy nevertheless has an inherent regulation, almost like homeostasis, that is basically impervious to government meddling.”
It’s like Einstein said, “The eternal mystery of the universe is its comprehensibility.”
“I wonder if research would show that the percentage of wealthy, middle class and poor stays about the same no matter how large GDP is and then, separately, no matter what tax rates are.”
I’m not sure, but I believe it would depend on whether the economy was shrinking or growing (i.e. becoming more or less productive), and it would definitely depend on how you define “rich” and “poor.” Common sense tells me that, at all times, a majority of people should fall between the two.
One problem I’ve always had with the Laffer Curve is how it’s used to justify tax cuts—as if the goal of tax policy should be to have the largest possible revenue. Maybe we conservatives should start advocating tax hikes. If the economy slows and revenue slides, then they’d have to make budget cuts, wouldn’t they? Then again, socialists love recessions, and they’d blame capitalism for the downturn. Nevermind.
That was very interesting. Kind of like listening to the muses of a Professor holding a cup of tea as he stares out the window.
Heh. I was thinking back to the Bible's example of the outrage of a man-led government...that the King would demand the first 10%.
10% to charity, and 9% to the military/police seems about right.
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