I think there is no doubt that if taxes were 100% lowering taxes would increase revenue. I think if taxes were 0% raising taxes would increase revenue. The only question with Laffer is where the inflection point. Fundamentally Laffer is right - where is the inflection point?
Simplistic leftist thinking is as usual - flawed - mantras answer nothing.
Actually, Bob, it is you being a little simplistic here. You appear to be presuming that there is one inflection point when you say, "Fundamentally Laffer is right - where is the inflection point?" But the truth is far more contextual than that, and Laffer "fundamentally" is NOT "right," except of course on a napkin in a restaurant, where even you can be right. In some contexts, lowering taxes will yield greater revenue to the state, while in other contexts, raising taxes will yield greater revenue. Like, duh....
And, BTW, leftists undoubtedly have their "mantras." But, surprise, so do RWers. |
