SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (266517)12/30/2005 3:54:42 AM
From: Taro  Read Replies (1) of 1575189
 
Agree. It really comes down to the macroeconomic tax elasticity curve and then again, that curve is a function of the period of time planned for.
All of which doesn't make it any easier to agree on what level of tax rate would maximize the tax intake (optimum point).

Let's assume we have now solved this problem correctly for say a period of 10 years from now, next comes the political lobbying for adjustments to that "optimized" rate of taxation. The GOP may well argue, that "if we cut it even lower people would work much harder to earn an honest buck, which is the American way and thus desirable". The dems, however, who always favor more control, would always want to hike the taxes and "in particular tax the rich, who should carry a larger part of the burden". And here we go, right?

Taro
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News