Why register with the Steelers Fever Forums?
 • Intelligent and friendly discussions.
 • It's free and it's quick. Always.
 • Enter events in the forums calendar.
 • Very user friendly software.
 • Exclusive contests and giveaways.

 Donate to Steelers Fever, Click here
 Our 2013 Goal: $400.00 - To Date: $00.00 (00.00%)
 Home | Forums | Editorials | Shop | Tickets | Downloads | Contact Pittsburgh Steelers Forum Feed Not Just Fans. Hardcore Fans.

Go Back   Steelers Fever Forums > Miscellaneous > Locker Room


Steelers Fever Fan Shop

Doc's Sports Get FREE NFL Picks and College Football picks as well as Football Lines like live NFL Lines and updated NFL Power Rankings all at Doc's Sports Service.

Steelers Steelers - Referees    Browns

Reply
 
Thread Tools
Old 04-08-2010, 04:22 PM   #1
MACH1
Quest For Seven
Supporter
 
MACH1's Avatar
 

Join Date: Oct 2006
Location: Idaho
Posts: 13,458
Member Number: 3236
Thanks: 1,075
Thanked 3,245 Times in 1,280 Posts
Default The Laffer Curve - Taxes

This helps explain why raising taxes isn't going to work, in fact it will be counter productive to do so. Keep in mind while watching this come Jan 1 we will be paying around 48% taxes.
This has three parts to it and your going to be really pissed by the end of them.

[YOUTUBE]fIqyCpCPrvU[/YOUTUBE]

[YOUTUBE]YsB_rnzBA08[/YOUTUBE]

[YOUTUBE]Mw7LtVwDCbs&feature[/YOUTUBE]
__________________


ΜΟΛΩΝ ΛΑΒΕ
MACH1 is offline   Reply With Quote
Old 04-08-2010, 04:28 PM   #2
fansince'76
Living Legend
Supporter
 

Join Date: Feb 2006
Posts: 17,416
Member Number: 1984
Thanks: 141
Thanked 785 Times in 305 Posts
Default Re: The Laffer Curve - Taxes

Two words: diminishing returns. It's very simple, really. The higher the rate of taxation, the less incentive there is to strive toward higher profits/income.
fansince'76 is offline   Reply With Quote
Old 04-08-2010, 07:43 PM   #3
GoSlash27
Team Captain
 
GoSlash27's Avatar
 

Join Date: Oct 2006
Location: s t e e l u n i v e r s e . n e t
Posts: 949
Member Number: 3225
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: The Laffer Curve - Taxes

Problem with that is that while Ol' Art proved conclusively that the curve exists, he was never able to prove where we are at on the curve. Maybe we're in the diminishing returns portion and maybe we're not.

The problem isn't so much one of maximizing government revenue as it is one of minimizing wasteful government spending and harmful government regulations.
GoSlash27 is offline   Reply With Quote
Old 04-08-2010, 09:03 PM   #4
MACH1
Quest For Seven
Supporter
 
MACH1's Avatar
 

Join Date: Oct 2006
Location: Idaho
Posts: 13,458
Member Number: 3236
Thanks: 1,075
Thanked 3,245 Times in 1,280 Posts
Default Re: The Laffer Curve - Taxes

Quote:
Originally Posted by GoSlash27 View Post
Problem with that is that while Ol' Art proved conclusively that the curve exists, he was never able to prove where we are at on the curve. Maybe we're in the diminishing returns portion and maybe we're not.

The problem isn't so much one of maximizing government revenue as it is one of minimizing wasteful government spending and harmful government regulations.
You've heard the term "can't get blood from a turnip" or "when you run out of other peoples money".

When people figure out they work Mon, Tue and Wed to pay taxes for that week, then why work at all. Go on the government gravy train which in turn worsens the problem and gives government that much more power over our lives.
__________________


ΜΟΛΩΝ ΛΑΒΕ
MACH1 is offline   Reply With Quote
Old 04-08-2010, 09:26 PM   #5
GoSlash27
Team Captain
 
GoSlash27's Avatar
 

Join Date: Oct 2006
Location: s t e e l u n i v e r s e . n e t
Posts: 949
Member Number: 3225
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: The Laffer Curve - Taxes

Mach1,
No argument here.
GoSlash27 is offline   Reply With Quote
Old 04-08-2010, 09:43 PM   #6
Godfather
Living Legend
Supporter
 

Join Date: Aug 2005
Posts: 3,140
Member Number: 547
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: The Laffer Curve - Taxes

Quote:
Originally Posted by GoSlash27 View Post
Problem with that is that while Ol' Art proved conclusively that the curve exists, he was never able to prove where we are at on the curve. Maybe we're in the diminishing returns portion and maybe we're not.

The problem isn't so much one of maximizing government revenue as it is one of minimizing wasteful government spending and harmful government regulations.
That, plus the theory works better when you have a simple and straightforward economic system. We have an extremely complex tax code so it's not as simple as adjusting the rate. Then you take monetary policy into account--artificially low interest rates create a large amount of money looking for a place to land. That creates bubbles which generate short-term revenue from capital gains taxes but the bubbles always blow up in your face.
Godfather is offline   Reply With Quote
Old 04-08-2010, 09:51 PM   #7
GoSlash27
Team Captain
 
GoSlash27's Avatar
 

Join Date: Oct 2006
Location: s t e e l u n i v e r s e . n e t
Posts: 949
Member Number: 3225
Thanks: 0
Thanked 0 Times in 0 Posts
Default Re: The Laffer Curve - Taxes

Godfather,
You're not suggesting that the Federal reserve system actually *creates* the boom/ bust cycles they were intended to protect against, are you?
GoSlash27 is offline   Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -5. The time now is 01:43 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Shoutbox provided by vBShout v6.2.1 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
User Alert System provided by Advanced User Tagging v3.0.8 (Lite) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd. Runs best on HiVelocity Hosting.
Navbar with Avatar by Motorradforum
no new posts