The Laffer Curve, Part III: Dynamic Scoring (old version)

[Mershade]

@wreddon it's a theory that addresses the relationship between the tax rate and national production. It makes sense from optimizing federal revenue based on the behavior of taxpayers, but the current static scoring model is the problem for everyone in Washington.

[MrWatchdawg77]

We might have a Constitutional Amendment adjusting tax rates to the where the 'inflection point' is on the left side of the Laffer curve!

Also, we must be careful to assume that more government revenue is a good thing! The goal is not necessarily always higher government revenue but rather a a prosperous economy!

[XCritonX]

@wreddon I have a friend with an Economics degree who was a Keynesian when he graduated. Afterward he joined his family business. With in less than a year the government taxed the Keynesian out of him. Its amazing how reality and academics are so opposed.

[rainin]

its amuzing when he says "common sence is a commodity in washiington"because that was the conclusion i came to a long time ago.didnt want to believe it but now im moew than positive that that is true.WHY THE FUCK ARE WE ALLOWING THESE FUCK TARDS TO RUN OUR COUNTR?PLEASE SOMEONE EXPLAIN THAT TO ME.

[TerryRay02]

Well said.

[RealBloppy]

Braves beat the Mets 9-3. Now that's what I like to see.. also the video was great. lol

[Surhotchaperchlorome]

Agreed.

Thanks for the correction, wreddon.

[Surhotchaperchlorome]

Balancing a budget, at least in the short run is a bad idea.

In the long run, it's necessary.

[shadowgunman]

Hey I watched a neat video where you used circle logic to say that Keynes was wrong, let me try it here. The laffer curve is proven to pe non-predivive so it must be entirely wrong, but why do conserative dittoheads replay the this graph over and over, your guess is as good as mine.

(Just for full disclosure I think the theory is sound, and the evidence is not full enough for either theory)

[Surhotchaperchlorome]

???

[Surhotchaperchlorome]

What circular reasoning?

[magicman4293]

15 and you explained this very well thank you for helping me understand.

[johnnykougra]

Tell us what to DO about this.

WHO should we talk to in government and specifically WHAT should we be asking for?

[pnollen]

"Other than that Mrs. Lincoln, how did you like the play?"

LOL!

[arkadyka]

This is excellent work, I have been trying desperately to convey similar information to people and they just do not get it.

[mannyfresh5150]

Why is there pictures of democrats as the "want to spend, spend crowd". Reality is congress was controlled from 1992 to 2006 by "conservatives". Plus from 2002 thru 2006, both houses, the president and the judicial branch were all conservative. I guess the pics should have been: Delay, Bush, Hastert, and McCain. Reality is republicans like to spend too!!!

[asmith0177]

Republicans and conservatives are not always the same people. But you are correct - Republicans love to spend too.

[youthgrunt]

It was 1994 through 2006. They also said, tax and spend, not just spend. The Republicans want to lower taxes and still spend. The Dems want to raise taxes and spend even more.

I would argue that none of the branches were "conservative" but they were Republican controlled.

1994 through about 1998 or 2000 was actually a fairly good time for fiscal conservatives. President Bush, though good in many ways, is a "Compassionate Conservative" which can be translated "Populist".

[ebenbrooks]

Bush a POPULIST? Holy camolies, what are you smoking, and can I have some?

[aknotz]

By that statement, you are implying that the Bush administration and some Senate Republicans are actually fiscally conservative. Yup, that will be true when I see the first chimp to sprout wings and fly.

[robert0380]

It was "tax and spend". If he said "borrow and spend" then he would have had to put up pictures of republicans. Either way, both sides spend our tax money with reckless abandon.

[BDizzle66]

Dan Mitchell went to Georgia about 50 years ago. Hope the Laffer Curve has better luck than his horrible football and basketball teams since he left. Boy did they ever lay an egg in the 2008 NCAA Tournament in the first round.

[SupplySideRules]

BDizzle66, do you realize that you are being ridiculous in front of everybody? Your lack of arguments is appalling so you keep on repeating that nonsense about a football team.

[sumwatt]

I was trying to figure out why they wouldn't share their model... then after doing a little digging, Congress and its comittees are not subject to the FOIA. Nice.

[adamcm1993]

This static system is an outrage. Why didn't Republicans fix it when they controlled Congress?!?

[notacabbage]

You are assuming that the Republicans are the party of individualist capitalism, as opposed to a loose, mutually contradictory and perpetually-threatening-to-blo­w-up coalition of traditionalists, hawks and other defense nuts, crony capitalists, and the odd honest politician who actually understands economics.

[aknotz]

I would agree that the current political situation has squandered what it means to be a conservative. In fact, the entire Republican party is straying off of its platform entirely. It's rather demoralizing, because the only real choices that are left are tax raising socialists that believe that government is the answer to everything and individual rights mean nothing to anyone anymore.

[Kabukihomewood]

aknotz, don't forget us classical liberals/libertarians/constitu­tionalists :)

[gsteward85]

The conservative movement was detroyed by Neo-Conservatives or the "hawks" you refer to. They defected from the traditional conservative views, and adopted a "we know best policy" instead of the small government, small taxes principles that are two underlying supports of conservatism. The republican party is not filled with them, they just happen to be the leaders of it, sadly.

[narutofan1108]

Yeah that tax.

[popcur]

That hit the spot. I believe the GOP will recover in about 20 years. Once when the Bushes, Chaneys, Rumsfield, Rice, Wolfowitz, MCcain, Gingrich, Powell, among others are totally out.

[rainin]

why do you assume these types people would just up and leave congress?

[aknotz]

Too many of them only have an "R" behind their name and aren't really interested in actually being conservative..