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Trump can't even wait 24 hours before marching Left. This is what we've been telling you about!
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Quote:As for the laffer curve, your statement is my point. The laffer curve didn't generate jobs, it just redistributed wealth. The Laffer curve is a display of government income vs. tax rate. Consider, if taxes are zero then there is zero government revenue. If taxes are 100% then there is also essentially zero government revenue because only a fool would work for income under that condition (barring totalitarian labor at gunpoint, essentially slavery). But as the tax rate moves from those two extremes revenue is generated. There is some tax rate where revenue is maximized. The Laffer curve was used to justify cutting taxes under Reagan, which did generate jobs. When taxes were cut under Reagan revenues also rose, as predicted. That doesn't mean that Reagan chose the ideal tax rate, just a better one than under Carter. And calling the act of people keeping more of their hard-earned money "redistribution" is a claim only a Marxist would love. "Why should I give information to you when all you want to do is find something wrong with it?" |
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