Re: Tax Cuts Don't Boost Revenues

On Feb 19, 7:37 am, Ernst Blofeld <blofel...@[EMAIL PROTECTED]
> wrote:
> On Feb 18, 9:01 pm, gjohn...@[EMAIL PROTECTED]
 wrote:
>
> > > >  If the opposite was true then lowering the tax rate to zero would
> > > > boost tax revenues to infinite.
>
> > > See Laffer Curve.
>
> >  Either the Laffer Curve is wrong, or Republicans are reading it
> > wrong.
>
> Or you're not understanding it.
>
> The Laffer curve predicts zero revenue at 0% tax rate and zero revenue
> at 100% tax rate.  There's a maxima somewhere in between. Unless you
> think revenue suddenly falls off a cliff at 99.99999% tax rates, the
> revenue curve is declining somewhere to the right of the maxima.
>
> And besides, there are plenty of reasons not to tax at the maximum
> revenue gathering point. For example, the government is doing stuff
> with the money that it shouldn't be doing in the first place.

 My point remains unaddressed. So I'll repeat it since you deleted it
and decided to avoid it:

Either way almost every economist out there says that the way the
Republicans are implementing their tax cuts does NOT boost revenue.
Doesn't even come close.
   So the only question left is if you are going to keep repeating a
lie?