It's not my Laffer Curve, it's Dr. Arthur Laffer's (Economic advisor to President Reagon).
In case you aren't familiar with the Laffer cure here is an hypothetical example of how it works. Lets lay a family of 4 with a taxable income of $40 thousand pays zero taxes while at the same time a family of 4 with $100 thousand in taxable income pays 60% in taxes. Both families of four net $40,000. Show me the incentive for the latter family to "earn" that extra $60,000 of "taxable income."
This presumes however more education and effort is nececssary to earn that extra $60K - many in our society think that the extra $60K comes from luck or dishonesty.
Can't you infer "your" as being "your reference to" as most people would?
I am aware of the "theory". While it may hold for working stiffs on fixed incomes, it does not hold for those who generate the real wealth in this country. As long as there is a penny to be made on a dollar, they will earn the dollar. Since, as we've been told over and over, it is those people who pay the greatest percentage of taxes, then they will continue to do whatever they do to generate them regardless of the tax rate in place.
The tax system needs destroyed and rebuilt. We need a balanced-budget amendment. We need voter approved spending ceilings. Rearranging the tax rates just makes someone madder and someone happier.
Care to illustrate your oxymoron?