It should be mentioned that tax rates were reduced for all brackets as part of typical Republican tactics.
Brownback's approval ratings were in the dumps before this law was passed (30%), imagine how low they will fall when Laffer is proven wrong for the millionth time. The Republican attempt at justifying this tax cut is hilarious, just admit you want to make the government smaller and be done with it. Don't try to rationalize your asinine behavior by referencing discredited economic theory.
The Laffer curve is correct at some point, the issue is just where as rates go up. Having said that, I have told Laffer (a former professor mine) to his face, that the curve in the practical zone was silly and way over hyped. He did not have much to say. He is not an intellectual heavy weight, but rather more of a promoter.
Oh sure, few would disagree with that. It just has little relevance in our low-tax neo-liberal world where top marginal tax brackets rarely exceed 50 to 60%. Did he have anything to say or much opposition to his theories in his classes?
By the way, sorry for that nasty tone of mine in that Quebec thread. That was uncalled for; I understood your own viewpoint isn't ultra-regressive or punitive towards the lower classes for no reason, I just wanted to vent my own frustrations towards the coddled prats in our own government who are entirely unconcerned about the burden of high tuitions on lower income families.
