Conservative Publisher Axes Conservative Author Who Dares Question the Laffer Curve

Discussion in 'Economy' started by Toro, Oct 17, 2007.

  1. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,705
    Thanks Received:
    11,045
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,030
    The small-tent Republicans are now eating their young if they don't subscribe to the rigid theology that all tax cuts are good, no matter what.

    http://meganmcardle.theatlantic.com/archives/2007/10/i_take_it_all_back.php

    http://www.dealbreaker.com/2007/10/where_are_we_on_the_laffer_cur.php#more

    "The closing of the conservative mind."

    Ain't that the truth.

    Rothbard on the Laffer curve

    http://www.mises.org/econsense/ch2.asp
     
    • Thank You! Thank You! x 1
  2. midcan5
    Offline

    midcan5 liberal / progressive

    Joined:
    Jun 4, 2007
    Messages:
    10,776
    Thanks Received:
    2,363
    Trophy Points:
    245
    Location:
    Philly, PA
    Ratings:
    +3,287
    Clinton's tax increase should have once and for all destroyed the silliness known as the laffer curve, that it didn't shows this is more about belief than economics.
     
  3. BaronVonBigmeat
    Offline

    BaronVonBigmeat Senior Member

    Joined:
    Sep 20, 2005
    Messages:
    1,185
    Thanks Received:
    160
    Trophy Points:
    48
    Ratings:
    +160
    Pre-emptive strawman strike: Murray Rothbard (my avatar :D ) makes most supply-siders look like Marxists, he was an anarcho-capitalist who sees the institution of government as being wholly unnecessary. Not that I necessarily agree with that, I just thought I'd point it out before someone says "LIBERAL!".

    But yeah, even supply-side guru Jude Waninski was very forthright about admitting that no one's totally sure where the peak of the Laffer curve is. He thought it was 15%~20% IIRC. And certainly, in the long run at least, a rich nation with low taxes will have more revenue than a poor nation with high taxes. The trouble is, when they lower income taxes but raise the inflation tax--can we even say that taxes have been cut, or merely shifted around?
     
  4. Gunny
    Offline

    Gunny Gold Member

    Joined:
    Dec 27, 2004
    Messages:
    44,689
    Thanks Received:
    6,753
    Trophy Points:
    198
    Location:
    The Republic of Texas
    Ratings:
    +6,770

    Oh ... you mean the Clinton tax increase that almost had me filing for bankruptcy? It took living to a monk to get over that.
     
  5. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    31,514
    Thanks Received:
    4,844
    Trophy Points:
    1,130
    Ratings:
    +15,337
    Funny...I almost filed for bankruptcy after the Bush tax cut...hmmm
     
  6. JeffWartman
    Offline

    JeffWartman Senior Member

    Joined:
    Jul 13, 2006
    Messages:
    1,309
    Thanks Received:
    101
    Trophy Points:
    48
    Location:
    Suburban Chicago
    Ratings:
    +101
    The main question for "supply siders" is why they care so much about maximizing tax revenue when they say they care about limited government.

    If you really care about limited government, maximizing tax revenue shouldn't be on your radar.
     

Share This Page

Search tags for this page

laffer curve rothbard