willbeurdaddy
Posts: 11894
Joined: 4/8/2006 Status: offline
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quote:
ORIGINAL: errantgeek quote:
ORIGINAL: willbeurdaddy Again? The Laffer curve cannot be debunked, just strawmen that are supposedly what the Laffer curve says. KD already has balls cut off over that one. Want to be next, step right up. It was a completely unscientific thought experiment to illustrate the effects of extreme taxation on either side on state revenue drawn on the back of a bar napkin. correct. There is no need to be scientific, it is so simplistic and relies only on two premises which are obviously correct to draw in incontrovertible conclusion. In less than 60 years the tax rates have dropped to almost nothing, but no significant change to federal revenue as a percentage of GDP has been recorded, effectively debunking the idea that lower taxes will increase federal revenue, yet it's still to this day carted out as the reason to lower taxation and deregulate. also correct, though it ignores many factors other than tax rates. However, that has nothing to do with the Laffer curve, just the strawmen about it. You can't explain that. You didnt say anything that needs explaining.
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Hear the lark and harken to the barking of the dogfox, gone to ground.
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