In response to:

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

petroleum engineer Wrote: Nov 29, 2012 3:30 PM
WHY? This is ridicuulous - the problem was created by incompetents in Congress elected by an incompetent bunch of voters. What did the wealthy have to do with it - their voting power is miniscule. Let's look at a corporation - votes are by share ownership - I call this fair. So, allow only those to vote who have skin in the game. We Americans were a Republic, not a Democracy. Look it up and suddenly fariness becomes reality.
Mack30 Wrote: Nov 29, 2012 3:48 PM
There it is, if you don't pay taxes, you don't vote. It's a very easy concept to understand how someone would vote to take the property of another, which is what is now happening.

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...