conceptual metaphors

politics, policy and media

Cutting taxes doesn’t raise revenue

leave a comment »

Apparently, the tax on income exceeding $500,000 in New Jersey did not force all of New Jersey’s rich people to flee the state. Similarly, even TIME has a feeling that the Laffer curve isn’t very applicable in the real world and quotes Laffer himself saying that the curve shouldn’t drive changes in tax rates.

Yet, still Paul Ryan is proposing tax cuts on the rich, claiming this will increase government revenues. When will we give up the ghost that this theory holds any water whatsoever and instead start arguing about the appropriate size of government, which is what this debate is actually about, anyway?

Advertisements

Written by amanda

21 April 2011 at 6.26 pm

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: