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by jjoonathan
722 days ago
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Yeah, if this article wanted to be remotely even-handed, examples are plentiful. How many times has the Laffer Curve been trotted out to claim that reducing taxes on rich people will increase receipts, only for it to not happen that way? Or social cuts rationalized for the purpose of balancing the books, only for the savings to be spent on reducing taxes for rich people, leaving the books unbalanced? The purpose of a system is what it does. Of course, the article didn't want to be even handed. Its primary intent wasn't really to explore POSWID as a general concept that applies nearly everywhere in politics. Its purpose is what it did. |
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Never. The problem with debating the Laffer Curve is that tax receipts always go up, only occasionally dipping for recessions. It's not possible to correlate tax receipts to tax policy in that way without inventing your own model for what would have happened under your alternative policy (which can of course say whatever you want it to say). Taxes decreased, receipts go up. Taxes increased, receipts go up. The only thing that stops receipts from going up year-on-year are big recessions, and even then they always bounce back to higher than pre-recession levels afterwards.