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Uppity Wisconsin - Progressive Webmasters

« Time to Haul Away the Madison Snow and Pay the Piper | Main | A Plague on the House that Ruth Built »

December 13, 2007

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wondering

"We will not waste time getting into the debate as to the flawed logic behind the thinking of the Laffer Curve."

So, you believe that tax revenues are maximized at a tax rate of 100%?

Paul

How stupid. Did I say that or even suggest that?

ME2

It's pretty clear that we are still to the right of T*. I agree that he shoots from the hip a lot, but why are you so compulsive about maximizing payments to the government?

liberal trapped in waukesha

Hooray! Thanks for paying attention to the Milwaukee talk radio scene, and for your quick, incisive rebuttals. Keep up the good work!

Fraley

If our starting Tax Rate is to the right of T* (which I would argue is true), then Belling's analysis is correct, up until the point T* is reached.

John P

Why are we so predisposed to focus on revenue. We should focus on the expense side. We should be funding what is necessary and eliminate all wasteful spending. Over 40% of my income is going to taxes, is that not enough? This does not include all of the other excise and sales taxes I pay. We all need to pay taxes to fund necessary Government activities, however, we should not be maximizing government revenue just because we can. We need to only fund what is necessary. Pork projects are not necessary.

wondering

You: "We will not waste time getting into the debate as to the flawed logic behind the thinking of the Laffer Curve."

Me: "So, you believe that tax revenues are maximized at a tax rate of 100%?"

You: "How stupid. Did I say that or even suggest that?"


I'm a reasonably accomplished scientist. In particular, I know how to read a graph. You are right that Belling is wrong. But the Laffer curve says at some tax rate, revenues roll over. It's a pretty bland observation, really, but you say it's flawed. I am left to conclude that you think revenues rise monotonically. So, in the absence of elaboration on your part I conclude that, yes, you suggested exactly what I said originally.

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