1. When a history of the degeneration of the GOP is written, pride of place has to go to supply side economics https://newrepublic.com/article/145331/art-laffer-intellectual-rot-republican-party …
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Next you're going to tell me my perpetual motion machine won't work. Perhaps I can sell it to the GOP.
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"Laffer Curve" cult members always assume USA is on the "taxed too much" side, and never consider it could be on the "taxed too little" side
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Peak revenues are probably at something like a 90% taxation rate
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People who work hard deserve to keep their $. The left is repugnant because they want to take other’s hard-earned $. That’s the real rot.
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All supply-siders should be sent to reeducation camps in Brownbackistan.
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David Stockman once said: "These western conservatives regard the Laffer Curve with a primitive reverence "
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And poor old
@paulkrugman who has been saying this for literally decades is still considered "shrill."Thanks. Twitter will use this to make your timeline better. UndoUndo
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This is caricature of Laffer's beliefs. He simply argued that there was a point beyond which increased tax rates were problematic
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By definition, the Laffer Curve also presupposed a point below which tax rates wouldn't be optimal. It was never about cuts at all cost
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