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View Diary: Bigfoot, the Loch Ness Monster, and Conservative Economics (111 comments)

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  •  There is a point to be made there… (5+ / 0-)

    …tax too high and people avoid paying it. Tax too low and you increase inequality, choke off revenues, and increase the likelihood of a downturn.

    Conservatives like to make the case that if 73% is better than 90% (okay I'm buying), then 25% must be even better (that's crazy talk).

    Liberals like to dismiss the validity of the so-called Laffer curve, missing the point that we've been on the downside that curve since Reagan took office.

    There is a happy medium in there in which we both maximize compliance, revenues, and economic stability. IMHO that's somewhere higher than where we were at when Clinton left office, but lower than when Carter left office.

    That Romney wants to lower rates from the deficit creating rates of today just shows he's both nuts and bereft of ideas and a sound economic education.

    (And Sowell? Well all you need to know is Hoover Institution, a think tank whose purpose is to spin the Presidency of Herbert Hoover out of the competition with James Buchanan for "worst Presidency ever").

    Teh stoopidTM, it hurts. Buy smart, union-printed, USA-made, signs, stickers, swag for everyone: Get your We are the 99% Yard Sign.

    by DemSign on Sun Sep 23, 2012 at 06:17:31 AM PDT

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