Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tenchusatsu who wrote (359692)	11/21/2007 9:39:36 AM
From: combjelly	Read Replies (2) \| Respond to of 1574965

"So when you argue with liberals who think existing tax rates are to the left of the Laffer Curve" Sigh. It isn't just liberals who "think" that. Most economists hold that opinion and the available evidence indicates that it is the case.

To: Tenchusatsu who wrote (359692)	11/21/2007 11:18:09 AM
From: TopCat	Read Replies (1) \| Respond to of 1574965

"So when you argue with liberals who think existing tax rates are to the left of the Laffer Curve, consider whether that's actually a good thing or not. Because the last thing you want to see is an inefficient bureaucracy growing by leaps and bounds, funded by maximized tax revenues." Couldn't agree more. You are now moving into the next level of analysis. First level is understanding that deficits are the result of spending more than revenue received. Next level is understanding the relationship between tax rates and tax revenue. Next level is understanding whether more tax revenue is a good or bad thing (as you point out). The liberals on this thread haven't yet been able to get past the first level.