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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (301592)	8/28/2006 9:07:29 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1577816

Z, There is no Laffer Curve Written by a guy who has no clue what 100% represents on a Laffer Curve - a totally planned economy in which tax revenues are irrelevant. Also written by a guy who believes in the total utopian model for work incentive. He says, "Apparently there are other incentives besides money," but his conclusion is based on the opposite extreme, that money will never, ever be an incentive to work. If this guy wants objective data, he can look at every single communist society that failed because, among many other things, free enterprise was stifled. Tenchusatsu

To: SilentZ who wrote (301592)	8/29/2006 7:11:56 AM
From: Taro	Respond to of 1577816

When most people talk about the Laffer curve they mean to apply it to the income tax (or perhaps the corporate tax). Laffer never claimed that. His simple and thus elegant theory applies to the total tax load, and of course income taxes - personal or corporate - are important components of that. This guy Feinman, obviously a typical lib, starts out with shaping the alleged content of Laffer to fit his discussion for the purpose of then "successfully" arguing against it. A typical strawman discussion if any. Ein feiner Mann, Herr Feinman. Taro