[Armando Guerra]

Thank you for your correct statement. I've gotten in arguments with liberals who disagree with the Laffer Curve. I always explain it in simple terms. With a 0% tax rate, revenues are 0. With a 100% tax rate, who is going to bother working? Tax revenues will be 0 or close to it (assuming there are some people who may show up for work out of boredom). Somewhere in between there is a rate that maximizes revenue. Argue the shape of the curve or where we are on the curve but the Laffer Curve itself is indisputable.

[Sherman Logan]

As you are no doubt aware, this is just a variant of the basic principle that when selling a product there is a price that maximizes net profit.

Lowering price will generally increase number of units sold, but will by definition reduce profit per unit. At some point, one begins losing money on each unit sold. No, at that point you cannot make it back in volume!

OTOH, raising the price always increases the profit per unit, but normally will decrease the number of units sold.

In a monopoly system, which of course taxation is, there is always a specific point where these two factor balance out and the greatest total profit (or tax revenue) is generated.

One can argue about where that point is, but I find it really difficult to imagine anyone could seriously contend the point doesn’t exist.

[Ernest_at_the_Beach]

but the Laffer Curve itself is indisputable.

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You mean the Leftists won't dispute it ?