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kiba
on June 7, 2010
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U.S.'s $13 Trillion Debt Poised to Overtake GDP
Higher taxes might actually lead to lower tax revenues or a tax revolt. There's no such thing as a free lunch.
philwelch
on June 7, 2010
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We're not so far down the Laffer curve that raising taxes would lower revenues, and it's unlikely we will be anytime soon.
jacobolus
on June 7, 2010
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Moreover, the Laffer curve is mostly an absurdity.
Martin Gardner’s improved depiction:
http://books.google.com/books?id=oXEaTdstD7gC&pg=PA133&#...
bd_at_rivenhill
on June 7, 2010
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On the other hand, technology has significantly reduced the cost of tax avoidance for high net worth individuals compared to what it was during the Clinton era.
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