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Politics : View from the Center and Left

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To: TigerPaw who wrote (6742)	12/13/2005 8:23:37 PM
From: TimF	Read Replies (1) of 542053

I think that there are still people who bought into that nonsense about the Lafer curve and the notion that cutting taxes would bring in more revenue. The Lafer curve was hardly nonsense. The idea was that at some point increasing taxes decreases revenue. Revenue could be plotted as a curve with the highest revenue comming at a tax rate below 100%, not at 100%. That idea is not just true, it should be obvious. The important question for people who's prime objective is to maximize revenue is than what point of the curve are we at. Raising taxes can raise revenue and often does esp. in the short run. The "Lafer curve" does not dispute that. Tim

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