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About that whole Laffer thing... - Unbeliever's Land
...The continuing chronicles...
About that whole Laffer thing...
From Paul Krugman's blog:
So the way I see it, even quite high marginal tax rates on high earners — even rates in, say, the 70 percent range that prevailed pre-Reagan — are unlikely to put us on the wrong side of the Laffer curve by discouraging effort. High earners won’t work much less; they might even work harder, because it takes more effort to make enough to buy that fourth home.

[...] we’re nowhere near Laffer country now. In terms of taxes and revenue, up is up, down is down.

So, you see, in terms of any numbers we are REMOTELY likely to see in our lifetimes, common sense prevails.

Less money only equals more money in the warped minds of right-wingers looking for any excuse to make the rich richer...
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