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

To: bentway who wrote (529898)	11/17/2009 3:51:34 PM
From: HPilot	1 Recommendation Read Replies (1) \| Respond to of 1574379

According to Laffer, any rate ABOVE 50% is supposed to increase revenues: Learn to read charts. The ideal rate is t* somewhere between 0 and 100%. Maybe take a math class or two.

To: bentway who wrote (529898)	11/17/2009 4:19:31 PM
From: i-node	1 Recommendation Read Replies (2) \| Respond to of 1574379

You clearly don't understand what the curve is and is not. Laffer, when he presented the curve to Dick Cheney and three others in 1974, was simply trying to make a point as to the roughly parabolic shape of the curve. Where the maximum is located on curve depends on the particular economy and obviously, on the elasticity of supply and of demand. The Laffer Curve as drawn on that cocktail napkin was never intended to reflect the thousands of variables of which total tax revenue is a function. It was simply trying to explain the concept in simple terms to some non-econometricians. There has been research which indicated the revenue-maximizing tax rate in the US economy is a maximum rate in the lower end of the 30% range.