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

To: Tenchusatsu who wrote (1480434)	8/23/2024 3:17:20 PM
From: Qone0	1 Recommendation Recommended By Doren Read Replies (1) \| Respond to of 1580116

The Laffer curve simply states that tax revenue collected will be the same at 20% tax and a 80% tax. With a 50% rate being the highest. Under the Eisenhower administration the top tax rate was 90%. The economic theory behind this was it allowed true capitalism to flourish and discouraged anti-competitive practices to corner markets. But as we all know Eisenhower was a communist. <G>

To: Tenchusatsu who wrote (1480434)	8/23/2024 3:23:18 PM
From: Wharf Rat	3 Recommendations Recommended By Doren Eric pocotrader Read Replies (2) \| Respond to of 1580116

"The Laffer Curve exists for a reason" The Laugher Curve is BS. We don't know where we are on it, cuz it has no numbers.

To: Tenchusatsu who wrote (1480434)	8/24/2024 4:12:34 AM
From: Doren	Read Replies (2) \| Respond to of 1580116

> Laffer Curve = theoretical not necessarily reality It's not scientifically testable because economies are far too complex, far more complex than climate science. Way easier to test biotech. I'm skeptical for that reason and for this reason... like a lot of purely academic people and economist lack common sense. I'm a LIBERtarian but for me I don't shed tears over OVER taxing billionaires. I save my tears for dirt poor mom's & dad's in California paying regressive gas taxes. If I was King I'd tax the fuck out of yachts, gas for yachts, overpowered cars, furs, second mansions, golden shitters... don't wanna pay? Then don't buy that ugly shit. It makes the buyers ugly too, really ugly. At least the overlords decided not to tax food here. Average white collar guy in America: