Taro T Posted August 14, 2012 Share Posted August 14, 2012 The laffer curve has to do with the tax rate and the relationship it has with tax revenues. I don't see how any reasonable person can dispute it. Btw, the answer you provided didn't address the laffer curve, at least not rationally. If you are taxed at 100% you believe that there would be productivity? How? You don't work, you die. Link to comment Share on other sites More sharing options...
Koko78 Posted August 14, 2012 Share Posted August 14, 2012 Lol. You are correct on the first part. Graduated May 2011. Headed back for my Masters starting in a couple weeks. I don't worship Keynesian Economics or Krugman, but I do lean that way a bit. There is plenty of problems with it, but I think it's funny when people say Keynesian economics has failed here. We are far from using Keynesian policies here. So wait, you mean there's more to Keynes' theories than deficit spending? Link to comment Share on other sites More sharing options...
DC Tom Posted August 14, 2012 Share Posted August 14, 2012 I find the Laffer Curve interesting and I'm probably more accepting of it than most "Keynesian hacks". Lol. But, it still has it's problems as most theories do. Theory is great in theory, but in practice it usually isn't. And the Laffer Curve is a obvious little theory, in the broad strokes (yeah, there's a "sweet spot" at which tax rates and GDP maximize revenue. That's also known as "multivariable calculus". Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted August 14, 2012 Share Posted August 14, 2012 Theory is great in theory, but in practice it usually isn't. And the Laffer Curve is a obvious little theory, in the broad strokes (yeah, there's a "sweet spot" at which tax rates and GDP maximize revenue. That's also known as "multivariable calculus". This is one of the rare times I've actually seen the application of the Laffer Curve described correctly. Link to comment Share on other sites More sharing options...
Nanker Posted August 15, 2012 Share Posted August 15, 2012 In A heartbreaking work of staggering something, an Obama supporter's website is looked at as he states his 60 reasons in 60 days why BO's a better choice than Romney: Obama understands foreign policy. (the supporter)’s in a yurt with wifi and Obama has visited a lot of foreign countries. Link to comment Share on other sites More sharing options...
drnykterstein Posted August 21, 2012 Share Posted August 21, 2012 Yes, this is the conner verson of "declare victory and go home". I declared futility and went home. He seems to forget that some of us where there for every single idiotic thread...when he was strating 4 a day in 2008, etc. Yes, stating facts such as the fact that global warming is real. Didn't seem to hate the board too much then...did he? But, now that everything we told conner would happen, literally, everything has come to pass....he hates that he has to come here....and face the music. The fun part: he can't help himself....so it seems we WILL have him to kick around...again. What? You said what would happen? You predicted the economy would improve? Maybe you predicted Obama would be harder on immigrants and terrorism than any of his predecessors? I don't know what you predicted, but I'm sure it wasn't impressive. Link to comment Share on other sites More sharing options...
drnykterstein Posted August 21, 2012 Share Posted August 21, 2012 (edited) His post was just a series of JFK quotes. Maybe to try to avoid you thinking I'm crazy ... lets establish a few facts .. 1. The tax rates of the 50's ... they were much higher than they are today. 2. Obama has only talked of lowering taxes overall. Raise taxes on top earners, lower taxes on everyone else. Given these two facts JFK quotes have very little pertinence to todays situation. Thus I consider his use of the JFK quotes to be intellectually dishonest. Then his little blurb at the end "The problem is SPENDING. Spending never goes down and the Ryan plan doesn't even "cut" spending. It reduces the rate of increase. The Obamacare actually cuts medicare. Ryan plan continues to increase spending on Medicare. Allows for a current (and those age 55 at the time of enactment) recipients to continue untouched while offering choices to us younger folk to either enter into Medicare or go with a new voucher system. So, it's a bald faced lie to claim "guts medicare". The only gutting of medicare occurred with the ObamaTax." That just irritates to no end with crazy lies. Perhaps an established organization like Politifact can take over from here .. http://www.politifac...care-more-700-/ http://www.politifac...history-rob-me/ http://www.politifac...-pay-obamacare/ http://www.politifac...care-cuts-says/ People like Oxrock don't let facts get in their way. Edited August 21, 2012 by conner Link to comment Share on other sites More sharing options...
Jim in Anchorage Posted August 21, 2012 Share Posted August 21, 2012 People like Oxrock don't let facts get in their way. Says the guy who quoted Bill Nye as gospel that LA was covered in ice 800 MYA Link to comment Share on other sites More sharing options...
/dev/null Posted August 21, 2012 Share Posted August 21, 2012 Says the guy who quoted Bill Nye as gospel that LA was covered in ice 800 MYA But he is THE Science Guy. THE Science Guy You don't get any more authoritative than THE Link to comment Share on other sites More sharing options...
Gary M Posted August 21, 2012 Share Posted August 21, 2012 Once again I'm drunk at 6am. I'll respond to oxrock when I wake up. Lol. His thoughts on revenues raising because of tax cuts is !@#$ing hilarious though. It's not the tax cuts that raise revenues. They always decrease when enacted even with these last round of Bush tax cuts. I'll get into it more later... "Fairness" to who Link to comment Share on other sites More sharing options...
Gary M Posted August 21, 2012 Share Posted August 21, 2012 A. The theory assumes nobody would work/produce at a 100% tax rate. That is a huge assumption to begin with. I have a very strong work ethic, but I am not doing a damn thing if some one is going to take it all and give me what they deem is my share back. . C. It also bases itself in the assumption that the rich create the output and they need incentive to act instead of doing nothing. Not incentive to act, but less punishment for success. 2. Obama has only talked of lowering taxes overall. Raise taxes on top earners, lower taxes on everyone else. I really want to see this proved. 51% of Americans pay no fed income tax. How the hell is he going to lower their taxes? If he lowers federal taxes on any more people they will have to take 100% from the rest and we still won't be able to pay for Obamacare. BO is a liar, every time he opens his mouth a lie comes out. And ever now and then a little more evidence of his communist leanings. Link to comment Share on other sites More sharing options...
Oxrock Posted August 21, 2012 Share Posted August 21, 2012 (edited) Maybe to try to avoid you thinking I'm crazy ... lets establish a few facts .. 1. The tax rates of the 50's ... they were much higher than they are today. 2. Obama has only talked of lowering taxes overall. Raise taxes on top earners, lower taxes on everyone else. Given these two facts JFK quotes have very little pertinence to todays situation. Thus I consider his use of the JFK quotes to be intellectually dishonest. Then his little blurb at the end "The problem is SPENDING. Spending never goes down and the Ryan plan doesn't even "cut" spending. It reduces the rate of increase. The Obamacare actually cuts medicare. Ryan plan continues to increase spending on Medicare. Allows for a current (and those age 55 at the time of enactment) recipients to continue untouched while offering choices to us younger folk to either enter into Medicare or go with a new voucher system. So, it's a bald faced lie to claim "guts medicare". The only gutting of medicare occurred with the ObamaTax." That just irritates to no end with crazy lies. Perhaps an established organization like Politifact can take over from here .. http://www.politifac...care-more-700-/ http://www.politifac...history-rob-me/ http://www.politifac...-pay-obamacare/ http://www.politifac...care-cuts-says/ People like Oxrock don't let facts get in their way. You like that Politifact don't you. It took them three times to go from Half True to Mostly False and ending up with Pants On FIre? Well here's one for ya: http://www.politifac...s-voted-end-me/ And that is on the original plan. The newest even allows for continuation of medicare in it's current form along side a voucher program. But it doesn't matter. He's running for VP. The top of the ticket has his own plan. http://www.mittromne...-middle-class01 Edited August 21, 2012 by Oxrock Link to comment Share on other sites More sharing options...
Chef Jim Posted August 21, 2012 Share Posted August 21, 2012 2. Obama has only talked of lowering taxes overall. Raise taxes on top earners, lower taxes on everyone else. Which is it?? Link to comment Share on other sites More sharing options...
DC Tom Posted August 21, 2012 Share Posted August 21, 2012 Which is it?? Yes. Because taxes are societal, not individual. Because money isn't owned, just allocated by the government. Therefore, they can take it away. Or something. Link to comment Share on other sites More sharing options...
drnykterstein Posted August 21, 2012 Share Posted August 21, 2012 Which is it?? I think you need to look up the definition of "overall". You can't ignore words in my sentences and pretend I said something wrong. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted August 21, 2012 Share Posted August 21, 2012 I think you need to look up the definition of "overall". You can't ignore words in my sentences and pretend I said something wrong. Taxes aren't assessed as an aggregate, so your (less than) clever phrasing is an overflowing bucket of fail. Link to comment Share on other sites More sharing options...
drnykterstein Posted August 21, 2012 Share Posted August 21, 2012 I really want to see this proved. 51% of Americans pay no fed income tax. How the hell is he going to lower their taxes? If he lowers federal taxes on any more people they will have to take 100% from the rest and we still won't be able to pay for Obamacare. BO is a liar, every time he opens his mouth a lie comes out. And ever now and then a little more evidence of his communist leanings. Hi. Roughly 2% percent of the US population makes mor than 250k. Obama wants to raise taxes on 2% of the population, and lower taxes on the other 98% (or whatever portion of the 98% actually pays taxes) Link to comment Share on other sites More sharing options...
Chef Jim Posted August 21, 2012 Share Posted August 21, 2012 Hi. Roughly 2% percent of the US population makes mor than 250k. Obama wants to raise taxes on 2% of the population, and lower taxes on the other 98% (or whatever portion of the 98% actually pays taxes) So he's going conservative. Link to comment Share on other sites More sharing options...
drnykterstein Posted August 21, 2012 Share Posted August 21, 2012 Taxes aren't assessed as an aggregate, so your (less than) clever phrasing is an overflowing bucket of fail. This disscussion started with someone citing the Laffer curve. The Laffer curve does assess taxes as an aggregate. Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted August 21, 2012 Share Posted August 21, 2012 Hi. Roughly 2% percent of the US population makes mor than 250k. Obama wants to raise taxes on 2% of the population, and lower taxes on the other 98% (or whatever portion of the 98% actually pays taxes) No. Those who don't meet the minimum threshold are still required to file, and when they get their rebate it is in excess of what they initially paid. All this is, is blatant wealth redistribution sold in the guise of tax cuts. This disscussion started with someone citing the Laffer curve. The Laffer curve does assess taxes as an aggregate. Assess as in: to impose, not assess as in: to evaluate. Link to comment Share on other sites More sharing options...
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