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No Rob, the point of the exercize which you are missing is that I choose a point B and you prove that it couldn't be my figure. I want you to prove where point B is. For example, if I say that point B is at 50% then I'm asking you to prove it is lower. The whole question hinges around a taxrate at which people will not continue to go to work or do work and that is the whole point of the Laffer curve. When does taxation meet a point where people become discouraged and stop producing or investing?When I asked the queston I thought you had an understanding of the Laffer curve but now I see that you don't. This is what Reaganomics and Supplyside thinking is all about Rob. Jude Wanniski is responsible for it during the Reagan administration and it was introduced to him by Laffer on a paper napkin. Learn more about what the concept of the Laffer curve means and we can discuss it further if you like.
No Rob, the point of the exercize which you are missing is that I choose a point B and you prove that it couldn't be my figure. I want you to prove where point B is. For example, if I say that point B is at 50% then I'm asking you to prove it is lower. The whole question hinges around a taxrate at which people will not continue to go to work or do work and that is the whole point of the Laffer curve. When does taxation meet a point where people become discouraged and stop producing or investing?
When I asked the queston I thought you had an understanding of the Laffer curve but now I see that you don't. This is what Reaganomics and Supplyside thinking is all about Rob. Jude Wanniski is responsible for it during the Reagan administration and it was introduced to him by Laffer on a paper napkin. Learn more about what the concept of the Laffer curve means and we can discuss it further if you like.
