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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (544271)	1/16/2010 3:05:44 PM
From: Taro	1 Recommendation Read Replies (1) of 1579479

The Laffer curve definitely is real, even lefties like CJ agree on that. Now, that said, the only dispute educated people have is where we are and where we were on that curve during the different presidents. I believe Reagan started out well off the top to the left and I don't think he moved over it either. GWB may have hit the top and eventually hitting the right side but not much. Obama, of course, like most true leftists, totally deny the existence of a curve like that. With those guys the only points of agreement are that zero taxation and 100% taxation eventually - no, rapidly - lead to the same result: Zero tax revenues. /Taro

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