Dream GOP Candidate for Obama in 2012?
- Thread starter Bar Sinister
- Start date
Tax the people who have to much money and you kill incentive not to mention no money for new jobs for majority of workers.
Wow, somone who actually buys into that crap.
Pay workers less so they work harder and tax the rich less so they work harder.:roll:
You got the right idea, Ironsides. Poor people pay very little taxes, actually people earning less than 25 grand a year pay very little taxes.
Reducing taxes....up to a certain point....produces more revenue....
Nobody heard of the "Laffer Curve" ???
Tax incentives should be given to those who produce jobs...
Nobody heard of the "Laffer Curve" ???
Tax incentives should be given to those who produce jobs...
Quite so, that is the typical conservative view. Tax cuts at any cost, hang the deficit and the debt (let out children and grandchildren worry about that).
Indeed, Reagan made use of the Laffer curve very effectively. He enacted huge tax cuts and literally buried USA under an avalanche of increased revenue, built up sky high surpluses.
Not to be outdone, when Bush came to office in 2000, he enacted even bigger tax cuts, made even a better use of the Laffer curve, built up even a bigger mountain of surplus.
Now, only if it had not been for the nasty Democrats like Clinton, USA would be literally buried under a mountain of surplus today, thanks to Laffer (and of course, to Bush and Reagan)
No doubt Tea Party supporters (who tend to belong mostly to the far right) hope to rely on Laffer curve.
That is why I said before, if sufficient Tea Party politicians win office in 2010, they may enact huge tax cuts and baby, watch the fun after that. Watch that Laffer curve take off. The mountain of debt that USA is buried under will change into a mountain of surplus overnight. That Laffer is a miracle man.