| Author |
Topic:
The Republicans Were Right v.1 - The Laffer Curve [Locked] |
theredkay1  Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
Two recent studies indicate that the oft cited, almost mythical, Laffer Curve is in fact a reality. The far right uses this theory as a central argument against higher taxes but usually they cant point to any empirical work which supports the theory....it existed only in an 'its possible to imagine this scenario' kind of way.
Sorry liberals, read em and weep.
paper 1 posted:
'we find that the top tax rate could potentially be set as high as 83%' http://www.voxeu.org/index.php?q=node/7402
83%!?!?! Thank god we have another study, maybe we can average the two.
paper 2 posted:
'tax revenues would be maximized with a tax rate of 84 percent'
http://www.nber.org/papers/w17860
To be fair, the writers of these papers do have college degrees and therefore may be Satan's agents. |
reesescups  Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
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"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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Tych2 Title: Obama Appointed Outpost Czar
Posts: 2,511
Registered: 2005-3-1 06:56:47
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
Man if I knew I was going to be taxed that high I would find other sources of compensation. Small salary and other things to offset it.
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We have enough youth. What we need is a fountain of smart.
Drill Anwar!
Kapie
Drevid in Tanks
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
Uh, it's been that high before. For what, like 50 years until zombie Reagan?
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Z-Elder Posts: 671
Registered: 2002-3-15 13:58:39
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
Voodoo-Dahl posted:
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
Uh, it's been that high before. For what, like 50 years until zombie Reagan?
yep
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"The poison of our ordinary habits has killed the magic of the moment"
"Men are not in hell because God is angry with them . . .
they stand in the state of division and separation which by their own motion, they have made for themselves"
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Scarne Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
The top tax bracket in the US from 1936 to 1964 was near or above 80%. And it goes even longer if you count down to 70% as being somewhere near 80%. That sounds pretty well sustained and covered probably the greatest stretch of prosperity in the US. 
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E Pluribus Unum
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
Voodoo-Dahl posted:
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
Uh, it's been that high before. For what, like 50 years until zombie Reagan?
right... keep going... and then what happened?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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reesescups Title: //Captain America
Posts: 2,537
Registered: 2003-5-26 14:45:53
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
Scarne posted:
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
The top tax bracket in the US from 1936 to 1964 was near or above 80%. And it goes even longer if you count down to 70% as being somewhere near 80%. That sounds pretty well sustained and covered probably the greatest stretch of prosperity in the US.
Right... Almost there... Keep going... and then what happened?
-----signature-----
"man up, you wimp." - Groucho48
"I'm not racist at all." - dae_trist
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Scarne Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
reesescups posted:
Scarne posted:
reesescups posted:
If you think any tax policy that has an effective tax bracket anywhere near 80% is sustainable in any manner what so ever - you are a point blank ID10T period
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
The top tax bracket in the US from 1936 to 1964 was near or above 80%. And it goes even longer if you count down to 70% as being somewhere near 80%. That sounds pretty well sustained and covered probably the greatest stretch of prosperity in the US.
Right... Almost there... Keep going... and then what happened?
Then the rates were cut and the national debt exploded? 
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E Pluribus Unum
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ZigmundZag Title: Grammar Nazi
Posts: 1,211
Registered: 2002-3-25 23:03:00
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Date Posted:
1/1/00 12:00am
Subject:
The Republicans Were Right v.1 - The Laffer Curve |
The point isn't to tax the top bracket near 80%. The point is that quibbling between 35% and 38% because rich people will stop working so hard is stupid.
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"Take the cheese to sickbay!"
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