In response to:

Revenge of the Laffer Curve…Again and Again and Again

Dan107 Wrote: Mar 28, 2013 8:16 AM
The progressives estimate the return, place that number in their budgets, then spend above and beyond that. There is no relationship between actual outgoing and incoming. It doesn't matter to them. The next time that projected income meets actual income will be the first time.

If I live to be 100 years old, I suspect I’ll still be futilely trying to educate politicians that there’s not a simplistic linear relationship between tax rates and tax revenue.

You can’t double tax rates, for instance, and expect to double tax revenue. Simply stated, there’s another variable – called taxable income – that needs to be added to the equation. This simple insight is what gives us the Laffer Curve.

This is common sense in the business community. No restaurant owner would ever be foolish enough to think that revenues will double if all...