Jon Huntsman takes another match to the bridge connecting him to the GOP (user search)
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  Jon Huntsman takes another match to the bridge connecting him to the GOP (search mode)
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Author Topic: Jon Huntsman takes another match to the bridge connecting him to the GOP  (Read 3894 times)
LastVoter
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« on: April 23, 2012, 02:47:10 AM »

Hunstman is talking nonsense. China's Communist Party is much more sane than modern GOP & Democrats.
Probably true as well.
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LastVoter
seatown
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« Reply #1 on: April 23, 2012, 08:21:00 PM »

How is the GOP more Communistic than the Democratic party? The GOP supports free markets and economic freedom, the Democrats support corrupt unions and affirmative action.
hack
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LastVoter
seatown
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« Reply #2 on: April 25, 2012, 01:02:36 AM »


The Laffer curve is quite real, but it doesn't say that all tax cuts increase tax revenue.  The JFK tax cuts (from a top rate of 91% to 70%, bottom rate of 20% to 14%) and the first set of Reagan tax cuts (70% to 50% and 14% to 12%) were along the parts of the Laffer curve that increased tax revenue.  Since then, they've either been roughly neutral or revenue losers.


It's worth pointing out thought that in spite of the factual evidence to the contrary, many conservatives (and IIRC even Laffer himself) are arguing even today we're still operating "above" the optimum point of the curve.

As in to say taxes are still too high?

Yes, saying that taxes are still so high that cutting them would increase tax revenue.

The objective is not to increase tax revenue. The objective is to return as much income as possible to the rightful holders of said income (i.e., rich) while still collecting enough tax revenue to maintain a government committed to keeping social order to prevent poors from overthrowing the rich. The endgame is for rich to own as much as they can.

There is a role for government, but that does not mean it is the be-all and end-all of our lives.
3 small fixes to help the reader understand the code.
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