In response to:

Laffer Curve Warning about the Economy and Tax Revenue for President Obama and other Class Warriors

eddie again Wrote: Nov 29, 2012 11:57 AM
most likely we have arrived at the point in which every democracy begins to crumble because the citizenry has come to the conclusion that they can vote for the luxury of doing nothing and receiving something. it is a reality that such a conclusion is false, imaginary and leads to ruin. but my friends, the point in american history where a majority of americans have ignorantly arrived at that conclusion has arrived. you can thank government run schools for america's imminent demise.
petroleum engineer Wrote: Nov 29, 2012 3:11 PM
Recently spotted:
INEPTOCRACY - A system of goevernment where the least capable to lead are elected by the least capable of producing, and where members of society least likely to sustain themselves or succeed, are rewarded by goods and services paid for by the confiscated wealth of a diminishing number of producers.
I think it summarizes the results of last November the 6th election.

Being a thoughtful and kind person, I offered some advice last year to Barack Obama. I cited some powerful IRS data from the 1980s to demonstrate that there is not a simplistic linear relationship between tax rates and tax revenue.

In other words, just as a restaurant owner knows that a 20-percent increase in prices doesn’t translate into a 20-percent increase in revenue because of lost sales, politicians should understand that higher tax rates don’t mean an automatic and concomitant increase in tax revenue.

This is the infamous Laffer Curve, and it’s simply the common-sense recognition that you should...