In response to:

Prophets and Losses: Part II

glenn183 Wrote: Feb 06, 2013 12:21 AM
"Most of the people who made these prophecies were far more educated than the average person, had far more information at their fingertips and probably had higher IQs as well." I submit that if these folks can't learn from history perhaps they're not quite the masterminds they think they are. The bad part is we all have to pay for _their_ mistakes.
karpe diem Wrote: Feb 06, 2013 1:22 AM
the unexpected consequences to taxes have nothing to do with being smart or smarter. high taxes have consequences hat people are not going to allow to happen to them. it is as simple as that. that is why when gov't raised the capital gains it gained less then expected and when they lowered the rate it collected more money. people will behave in the way that is best for them, they will control to the extent they can how much profit they will make and how much taxes they will allow gov't to collect from them. this is why it is always a gain for gov't to lower taxes, but those who do not want to acknowledge this will always
will be wrong.
Dan107 Wrote: Feb 06, 2013 9:29 AM
It's not like they don't know that lowering taxes will increase revenue. They are not interested in increasing revenue. They are interested, "for fairness sake."
anonymous2284 Wrote: Feb 06, 2013 1:38 PM
And the smartest of all, Jehovah, is a flat taxer with no lower threshold or upper limit for his tithe. I have to believe that a flat tax is the 'fairest' of all, based on this example

Editor's Note: This column is part II in a series. Part I can be found here.

People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a proposed increase or decrease in the tax rate.

The government can only raise or lower the tax rate. Whether the actual tax revenues that the government will collect as a result will go up or...