In response to:

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

justme16 Wrote: Nov 29, 2012 2:40 PM
or perceived Free HEALTH CARE paid for with other peoples mone or ones gender or race or religion or creed or ethnic background? And anyone who doesn't fit a specific social compartment simply doesn't count? Again I WANT THE DEFINIATION OF EXACTLY WHAT CONSTITUTES FAIR and the delineation (foundational principle) that said ideology is based upon. If you cant' do that then one is simply yammering like a spoiled envious gluttoneous child. And the powers that be are more than eager to pander to that and then ultimately feed themselves off the outcome of the power they PURCHASE while Americans sell their votes like hookers on the street corner.

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...