A clever and competent reader sent me this super easy-to-understand video about tax rates and the Laffer curve. I appreciated it, due to my math phobia, and thought other mathophobes might, too.
Just lay out some (real or hypothetical) reasons why the revenue might fall off. Like lower taxes have positive effect (show what the positive effect is) on work, output and employment that provides incentives to increase the activities. Get more people working, you get more people paying into the gov't. Sheeple can't make this connection.So, great video, but it didn't go quite far enough. IMNSHO.
Carolyn, you've got a good point. I think the answer is to refer to actual times in history that the tax rate has gone up and revenue has gone down...
Carolyn, funny you should mention Apple -- I just read they are investing $100 million to bring production of a couple lines of PCs back to the U.S. No doubt a gesture of buying goodwill: e27.sg/2012/12/11/why-apple-is-bringing-production-back-to-the-us-and-what-this-means-for-you-and-me/
We can talk about Laffer curve, tax rates, revenues, etc. all day. We do not have a revenue problem. We have a spending and a leadership problem*. Cut spending and you will see economy take off. One reason that is not talked about in the press is banks are not lending because there is no money to lend; the government is crowding out the rest of us. Without getting into a long and boring macro and micro economic discussion, if the Feds quit borrowing and then quit printing money like it is Monopoly money, things will start to REALLY recover. Plus, I LOVE Dennis Prager! THAT man makes sense! Everyone should listen to him!**
Liberals just don’t get economics period. They will contend until they are blue in the face and drop dead that you can change people’s behavior by penalizing them in some way.
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