The Laffer Curve, Part I: Understanding the Theory
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i've tried explaining the laffer curve to my dad, who thinks that tax cuts always generate more revenue. i've explained it perfectly, multiple times, but he refuses to learn.
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His son got a B? Not an A?
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Thanks! I have a presentation to do on the Laffer Curve and this helped me a lot as well as my general understanding. Economics to the world!
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art laffer, isn't that the guy who got pwned on television by peter schiff?
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Libertarians think the maxima is at 5%, Conservatives think the maxima is at 25%, Liberals think the maxima is at 45%, Socialists think the maxima is at 65%, and Communists think the maxima should be no lower than 85%.
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@Obamaluke I wish I thought he was ignorant, but it is clear that B.O. is really only interested in wealth equality, which makes all of this irrelevent to him.
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The LAST thing you want to do is increase government revenue!
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*herman cain voice* NAHN NAHN NAHN!
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The real goal is to lower the Corporate tax rate! The other two are NOT important for Herman Cain...and his advisors.
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Cain's "999" is actually 9 + 9x + 9y. The variables are at the mercy of the corporate entity or owners. Cain's plan is simply another form of a BAILOUT! for the corporate entity. TARP and other BAILOUTS have failed! Therefore, the Laffer curve and Cain's formula is outdated and flawed. Expect the "free market" to be perverted again by a few individuals. If I was a corporate owner I could simply keep the prices for my products the same and benefit from the 9% corporate tax for my company.
That this curve exists seems mathematically indisputable to me. The actual shape of the curve, the maxima in particular, is up for debate.
MrWalrus52 9 months ago 18
This guy makes me want to buy a used car
Typhoonbladefist 4 months ago 10