--- On Tue, 11/27/12, wrote:
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Subject: Fw: The Laffer Curve Made Simple
To:
Date: Tuesday, November 27, 2012, 7:01 AM
who says you can't get educated from reading e-mails?
----- Original Message -----
From:
To:
Sent: Sunday, November 25, 2012 3:03 PM
Subject: Fwd: The Laffer Curve Made Simple
A must read, especially liberals......
THIS IS A GREAT VIDEO TO SEND TO ALL YOUR FRIENDS WHO BELIEVE THAT YOU CAN TAX, TAX, TAX AND SPEND, SPEND, SPEND WITHOUT ANY CONSEQUENCES.
This video is an absolute barn burner. I have read numerous articles which purported to explain the Laffer Curve and each time previously have come away with the general thesis but still unclear on some of the specifics. This video does a bang up job of clearing away the "fog" (solely written articles can take pages attempting to explain the "hump").
The Laffer Curve Made Simple
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9 comments:
A must read, especially liberals, huh?
The Laffer Curve (AKA Voodoo Economics) is a bullshit justification as to why millionaires and their overlords shouldn't pay income tax.
Which means everybody else gets royally ass-stomped. I think that's the part of the equation that RW Dad is missing, maybe that's what he means by "fog".
We've suffered through years of Supply-side economics and the fact that it is a miserable failure for the majority of the country is obvious if you're paying attention.
http://www.newrepublic.com/article/feast-the-wingnuts
You want the Laffer curve made simple? Here goes:
It's bullshit.
Hilarious. I actually tried to click on this video and it's "private" and can only be viewed if the owner has invited you.
Way to be confident in your message wingnuts. Though I guess its actually perfect considering the subject:
"The Laffer curve totally works, but the explanation of how is a secret. You'll just have to trust us when we say that this totally bogus sounding bullshit theory with zero real world evidence to back it up actually works."
Ah, the Laffer Curve. The homeopathy of the economics world.
http://krugman.blogs.nytimes.com/2010/08/10/the-laffer-test-somewhat-wonkish/?_php=true&_type=blogs&_r=0
Proponents of the Laffer Curve are correct in that there is a point where a further increase in taxes produces less revenue.
The problem, and what they never mention, is that the point at which that happens is at a tax rate that is much higher than any we currently have.
If there's anything to be gleaned from this, it's that tax rates are currently too low. But anyone with a brain already knows that.
Others have done the debunking. As crazy as it sounds, I'm still somewhat amazed that Wingtards can still drink the Tax & Spend Kool Aid. As IF.
Since Reagan, taxes on the extremely wealthy have been lowered to almost nothing, and most of the 1% AND corporations find ways to pay even LESS than what they owe *in theory* according to the tax code.
Why conservatives want the extremely wealthy to pay even LESS in taxes remains a mystery. I guess they're still believing in the fairy tale that some day they, too, will suddenly become a billionaire... and then of course, they simply won't want to pay their fair share anymore.
Makes no sense, but what amongst any of these RWFs has made any sense, yet??
I'm amazed that most Wingtards can wipe their own ass or change their Depends without assistance from Rush or Hannity.
IMPEACH THE FRAUD!
BRING JUSTICE TO THOSE WHO ALLOWED FOUR AMERICANS TO DIE A HORRIFIC DEATH IN BENGHAZI! BRING EM TO JUSTICE!!
STOP CATERING TO THE MUSLIMS! OVER 2000 MOSQUES BUILT IN OUR COUNTRY AND CONTINUE! WAKE UP PEOPLE!
What's wrong with Mosques? Oh right, ignorant racist bigot is a nasty racist bigot.
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