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  #11  
Old 12-04-2005, 03:08 AM
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Default Re: Paradox of rake?

cutting taxes does increase revenue. People have more money to spend and commerce rises causing economic growth. See the boom from 1982-2001
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  #12  
Old 12-04-2005, 03:20 AM
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Default Re: Paradox of rake?

Ah yes, the Laffer Curve Theory: the relationship between tax rate and amount of tax revenue is inversely proportional. As you lower taxes you expand the economy and hence create more sources of tax revenue. I think this is a gross oversimpliciation as there are so many other variables causing interference.

JeffreyREBT

"Where I don't promise to make you rich without trying, or even trying very hard; I do promise to say things that will make you FEEL rich."
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