The Problem with the Laffer Curve
14 Feb 2018
The problem with the Laffer curve is really the way the GOP uses it.
The curve itself makes sense. But if you are on the right side of
the curve (too much taxation) moving further right leads to disastrous
consequences. If you are on the left side (too little taxation) moving
further left also leads to disastrous consequences. The GOP seems
foolishly inept at realizing the situation.
What is needed is in fact a macro-economics model that includes deficits,
debts and distribution of wealth amongst other factors. But in the mean
time, can someone please explain to these idiots that we are left of
center on the Laffer curve and moving further left does no good? We were,
by all assessments left of the center with Reagon, who realized it and
wisely moved back to the right. Bush 43 foolishly moved us to the left,
with disastrous consequences. As Reagan might have sighed: "Now here we