Re: Obama Understands Economics in Spite of Himself
"Karl Swenson" <[email protected]>
| Newsgroups | gmane.music.dadl.ot |
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| Message-ID | <001101cb9a94$737f7000$5a7e5000$@com> |
Revenue will not be zero unless that tax was your only revenue. That is part of what the disconnect here is. There are more than one kind of tax and many kinds of revenues. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Bruce Geerdes Sent: Sunday, December 12, 2010 8:34 PM To: DADL (off topic) Subject: Re: [DADL-OT] Obama Understands Economics in Spite of Himself On Sun, Dec 12, 2010 at 3:39 PM, Mike Findlay <[email protected]> wrote: > Historically lower tax rates correlate to higher tax revenues. It's been known to happen. > The current > deal doesn't have any deduction take aways or loop hole closures does it? Not that I know of. I was speaking of the supposed "overhaul" Obama is considering in the future. > Whether it is scientific enough to say lower tax rates cause higher revenues > I don't know, but there is a certain amount of common sense in it. There is, but we do know there's a limit to the theory. As in, when you've lowered taxes to zero, revenues will be zero. -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot -- dadl-ot mailing list http://mail.thehood.us/mailman/listinfo/dadl-ot_thehood.us http://news.gmane.org/gmane.music.dadl.ot