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To: ItisaReligionofPeace
Are you requesting my cirriculum vitae?
92 posted on 05/04/2002 5:46:16 PM PDT by Torie
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To: Torie
What do you mean that the Laffer curve is a fraud? The Laffer curve simply state that at a 0% tax rate the government taxes in 0 taxes. Also, at 100% tax rate, the government takes in 0 taxes because nobody works (on the books, anyway).

I think we would both agree that a 1% tax rate would take in very little, as would a 99% tax rate.

Laffer simply said that somewhere between 0% and 100% is the ideal rate for raising revenue, and that there are points on the curve where you can increase revenue by lowering the rate.

We can argue all we want about where the ideal rate is, but on what basis do you state that the curve itself is a fraud?

98 posted on 05/04/2002 5:53:47 PM PDT by Rodney King
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To: Torie
that would be a good start.
132 posted on 05/04/2002 6:39:37 PM PDT by ItisaReligionofPeace
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