Re: Tax Cuts Don't Boost Revenues

Ernst Blofeld wrote:
> On Feb 29, 2:38 pm, Jeffrey Turner <jtur...@[EMAIL PROTECTED]
> wrote:
> 
> 
>>Can you get your story straight?  Either higher incomes lead to saving
>>or they don't.
> 
> Those with high incomes tend to have received a one-year windfall.
> Those with a permanent high income tend to spend their next dollar at
> about the same rate.

It seems we've gotten a long way from the original topic.

>>>Again, there's probably a Nobel in it for you if you can disprove
>>>Friedman. Have at it.
>>
>>I can't disprove what isn't intelligible in the first place.
> 
> So now the Nobel Prize is not merely wrong, but not intelligible?

Obfuscation isn't uncommon in academics.

> Perhaps at this point you should start questioning your understanding
> of the subject.

At this point, what I think I understand is that people who come into a
windfall will try to save some of it towards future necessities.  If
that's worth a Nobel Prize, so be it.

>>>Sure. Odds are that even a startup from an experienced group of
>>>entrepreneurs will fail. Sand Hill is full of experienced VCs who fund
>>>startups, most of which fail. But the odds are better with Steve.
>>
>>Gosh, it sounds more like luck than anything else.
> 
> It was luck that had Jobs start two multi-billion dollar companies and
> turn around another? Out of all the billions of people in the world,
> he just happened to pull that off? That's like hitting the lotto five
> or six times in a row.

After he did it the first time he was fifty-fifty.

>>That sounds like a simple conservative approach to investing.  It
>>doesn't sound like there's a small group of people who will ever be
>>successful with a startup.
> 
> Says the guy who's never been in a startup, or funded one.

Zounds!  I am hurt to the quick.

--Jeff

-- 
"The power of the Executive to cast a man into prison without
formulating any charge known to the law, and particularly to
deny him the judgment of his peers, is in the highest degree
odious and is the foundation of all totalitarian government
whether Nazi or Communist."

- Winston Churchill, Nov. 21, 1943