tag:blogger.com,1999:blog-3758330678390419129.post1800947484794281375..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The TV Personality Behind the Big Government Tax Proposal That the Trump Administration Announced on WednesdayRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-58164482954992678602017-04-28T13:20:58.597-04:002017-04-28T13:20:58.597-04:00I always thought the main impact of Laffer's t...I always thought the main impact of Laffer's theory was with respect to capital gains tax, not income tax. I agree with Rothbard that people are not likely to stop working or work more for small changes in ordinary income tax rates.<br /><br />With respect to capital gains, on the way in, people are more likely to invest if they expect that the taxes on the way out are likely to be lower, The NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34886307399905210632017-04-28T12:20:01.639-04:002017-04-28T12:20:01.639-04:00In defense of Laffer, setting aside all the bad in...In defense of Laffer, setting aside all the bad incentives the curve allows, it sorta kinda works. Of course, this is academic, as the politicos will use it for the usual bullshit, but there is SOME logic to the concept.<br />It's when it gets tangled up in the SPENDING side that things fall apart. Regardless, ANY money retained by the private sector will lead to growth, which COULD increase Capn Mikehttps://www.blogger.com/profile/08133441332228302495noreply@blogger.com