But Why?

[Allen]

Gee, I'm sure sorry that my little 12 college semester hours of Economics classes doesn't compare to your 10 years at the Harvard and MIT. BTW, where did you study finance, UCLA? Just how many degrees do you have?

So far I see where you claim to have studied Finance, Economics, Law, Business, Climatology, Physics, History, Medicine, and Transgender Studies. Lets see some degrees... When I challenged you on your Garand purchases, you showed us where somebody bought a M-1 from the CMP and that made you a "collector." Just show us 2 degrees you claim... the ones in finance and economics will do...

You are a blowhard braggart and a liar.

The degrees are in the same file with obama's birth certificate and college transcripts, clinton's tax returns, the clinton foundation's tax returns and list of contributors along with a copy bill's selective service registration and record of service.

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The Reagan tax cuts resulted in greatly increasing the amount of tax revenue collected by the Federal Government. The problem wasn't the tax cut, the problem was the increase in spending fueled by the Democrats , and yes the Republicans then, just as they are doing today, had a big part in allowing the increases. That's why I am no longer a Republican. McCain, Graham, McConnell, Ryan, and their ilk is as much the problem as are the Schumer, Peelosi, and Boxer gang. This time, I am rooting for a even bigger eruption of the electorate in 2018 to eliminate many of the crooked establishment bastards that are the problem.

The problem with that is no one runs for office that is worth a sht. We always end up with a Obama vs McCain type election where we are doomed to vote for the lesser of the two evils rather than someone useful.

[togor]

Ah, the Laffer Curve. Something engineers can understand. The theory states that there is a tax rate between 0% and 100% of economic activity to maximize tax revenue. Intuitively obvious. But supply-siders twist it to argue tax rates must be reduced. Conservatives always want to reduce tax revenue, even as their appetite for shiny things government can buy is undiminished.

[RED]

Ah, the Laffer Curve. Something engineers can understand. The theory states that there is a tax rate between 0% and 100% of economic activity to maximize tax revenue. Intuitively obvious. But supply-siders twist it to argue tax rates must be reduced. Conservatives always want to reduce tax revenue, even as their appetite for shiny things government can buy is undiminished.

That statement is your admission you are stupid when it comes to economics. Tax rates and tax revenues on the national level have proven to work in reverse. Increase taxes on cigarettes and people stop smoking, raise taxes on million dollar yachts, and they quit making them... (but only in the USA). Raise taxes on capital gains and people stop investing... Raise taxes on millionaires in NY... and they move to Texas. Raise taxes on corporations and they move overseas... Raise taxes on small aircraft and Cessna goes out of business...

You and your Stooges love Hillary. Had she been elected would we be worried about the Dow average backing down to 24,000? Excuse me, but if Hillary had been elected, the Dow would be at 10,000 and the Stooges would complain on a 2% correction or down 200.

[togor]

Red the Laffer Curve compares tax rate versus tax revenue. Look it up again online and see for yourself. Your examples however compare tax rate to total economic activity. You can have a negative relationship with the one that is strongly outweighed by a positive relationship to the other.

So for example a tobacco tax raises revenue even as people smoke less, compared to no tobacco tax at all. See? BTW, tobacco stocks still paying nice dividends, so taxes notwithstanding, people still use the products.

Who's the real stooge here? The guy who doesn't understand what his own curve is telling him, or the guy who points it out?

[S.A. Boggs]

Gent's the difference in your theories is interesting, but which is closer to a reality that I can understand is my question. I have $100 if I place it in a bank I transfer control of MY MONEY to something else. The guarantee is that I will get my money back, the reality is that I can't if the bank is closed. I need my money @0200 I am out of luck. Now if the money is in my wallet and I need it at 0200 I have it...that is my reality. We can argue theories back and forth as to why the economy does what it does. LOOK AT PAST HISTORY, government decreases taxes, maintaining spending what happened. There are so many variables we need to look at history and see what happened to the economy. Yes, our society is vastly different from 1925, the people aren't mankind will still respond the same, reality goes by another facet. Tax time this year is a different reality for my bride and myself and a great positive surprise. Reality is what I have in my wallet at the end of the day, not some whiz kid in New York City stating their "REALITY" for the economy.
Sam