Quote:
Originally Posted by Zemco
You're wrong about that. In the first place, it was never claimed that lowering taxes will increase revenues. In fact, Laffer clearly stated and his data proved that if taxes are low, then lowering taxes may not increase revenues at all. Laffer only promised that if taxes were high then lowering taxes would increase revenues, and they did. Like most liberal Democrats, you reject the Laffer curve because it didn't balance the budget, didn't cut government spending, didn't redistribute the wealth, and didn't solve social problems, in spite of the fact that Laffer's theory was never intended to do any of those things and Laffer made no such warranties or guarantees.
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It's always bandied about as a justification for tax cuts. It isn't Laffer it's people who wield the theory to justify tax cuts. People like Dick Cheney for one. I reject the argument so called conservatives make when they use it to justify increasing deficits through tax cuts. I am fairly fiscally conservative. more so than most in congress on either side of the article. i believe government should pay for itself not be run with a Chinese Visa card. i do believe good government can help people.