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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (530184)11/19/2009 11:17:02 PM
From: TimF4 Recommendations  Read Replies (2) of 1574595
 
Most would say we aren't on the far side of the Laffer curve, meaning tax increases (at least if their not particularly perverse, or if their not directed against investment) would likely increase revenue. But many economists would dispute the idea that we are as far down as that study suggests.

In any case where we are on the laffer curve misses the point. The objective should not be to maximize current government revenue. Even though a modest tax increase would likely increase revenue (at least if we wait until after we are out of the recession to do it, tax increases during recessions are a very bad idea), it would be a net negative for the economy. If the private sector loses X, and the government gains an extra .8x that's not a net gain.
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