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>The pervasive irrational mindset that the largest industrialize >nation’s infrastructure can be had with niggardly taxation defies logic.
May 28 21:53 pm
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All Comments by 1RuleNoRules »It's the Soil That's Bad, Not the Green Shoots [View article]
The source of this logic is increased revenue immediately after Kennedy, Reagan and Bush tax cuts, and decreased revenue following tax increases. WBO and CBO have consistently errored in its estimates of revenue after changes in tax rates. We have reached the logical limit of taxation and it is not at extremely high levels (See Laffer curve).