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In reply to the discussion: Something weird has happened to Kansas... [View all]jmowreader
(51,824 posts)At last year's fair I asked a GOP True Believer why Reagan's tax cuts caused the national debt to triple.
"Because he didn't cut taxes enough. He should have made a 10 percent flat tax. Why is 10 percent good enough for Jesus but not for the government?"
'Jesus doesn't buy submarines.'
Laffer Curve Believers will tell you that it says "if you cut tax rates tax revenue will increase in all circumstances." The fact it has never happened is problematic, but more problematic is what the Curve actually says: Laffer claims there is One Perfect Rate for taxes to be. If the rate is above it tax revenues will go down due to tax evasion, and if it's too low revenues will go down because the rate isn't high enough. Problem is, people prone to evading taxes will evade them no matter how low they are. If you want proof come to Idaho and look for Priuses with Tea Party bumper stickers on them. There are a lot, and their drivers are probably working on a way to roll coal in them. I got a chance to ask one of them why a loyal Tea Party member would drive a hippie wagon. "Because gas taxes are lower in it - trade a car that gets 15 mpg in on it and the government gets a third the money it did before."
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