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View Diary: KS-Gov: Sam Brownback (R) Wants To Double Down On Massive Tax Cut That Tanked State Finances (66 comments)

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  •  None of these idiots even understands the law o... (6+ / 0-)

    None of these idiots even understands the law of diminishing returns...Sure, maybe in the way back, cutting some taxes led to growth, but even they should get that eventually, the benefit negates itself...but these idiots will still be out preaching cutting them to 0% will increase the tax base, lmao.

    •  Exactly (1+ / 0-)
      Recommended by:
      avamontez

      It's like cutting prices.

      Cut them a little, while still making a modest profit on each item, and you boost sales and make money.

      Cut them too much, to where you're not covering your costs, and you LOSE money with each sale.

      At that point, it doesn't matter how much you sell, you only drive yourself further into the hole.

      That's what the GOP has done with taxes.

      It costs X to provide services to a community. If you tax at Y rate, you have excess, which might not be good. But a LITTLE excess is not a bad thing, because it gives you a rainy day fund so you have something in case of emergencies.

      But tax too little, and you don't bring in enough to cover your expenses. At that point, you can't cut enough to provide basic services and keep that low, low tax rate.

      If you don't have basic services, like fire/police/decent roads, etc., you won't get ANYBODY moving there, because it's a crappy place to live.

      Doesn't matter how low the tax rate is - if you have to put your kids in private school, pay armed guards, and build a moat, it costs more than it would if you paid higher taxes.

      Look at the 20 most expensive cities in the world - and it's not what you think.

      This is the comparison of what it costs to live at a comparable level in various cities. The cities with the least infrastructure, least taxes, least govt, are the MOST expensive.

      Why? Because if you want electrictiy 24/7, YOU have to provide it. If you want safety, YOU have to provide it. If you want European/US standards of cleanliness, housing, food, etc., it costs a FORTUNE.

      Think about that, GOP, the next time you go cutting services.

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