In response to:

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

The Teleprompter Speaks Wrote: Nov 29, 2012 11:33 AM
Yet the prevailing thought is higher rates will have no effect. Krugman claims the middle class was better off when rates in the top earners were highest, citing data from 40, 50 or 60 years ago. Krugman, of course, is an educated idgit. Here's another instance where Conservatives are losing the PR war. Isn't there anybody who can articulate this message and get it out?
petroleum engineer Wrote: Nov 29, 2012 3:22 PM
How? We must get real - First, the message has to be on a 6th grade level. Second, the message must include womb to the tomb promises of free everthing. Third, every single soul must be driven to the polling place and given a gift on the way. Fourth, forget the politicians, academics and ideologues - announce constantly that they are liars, cheats, distortionists, and blame them for the plight of the unwashed. Fifth, demonize the wealthy and eltists. Lastly, select your candidates by seeking out the least competent to run for office. You are now guaranteed a winner.

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...