Supply-Side Economics

[finnbow]

Originally Posted by whell

Just a note, I did read your Mother Jones sourced rant disguised as an op-ed. It was good for a laugh, seeing the same talking points recycled yet again.

Mother Jones is every bit as credible on matters economic as Art Laffer, and the notion of using Laffer as an expert on the benefits of supply-side economics is laughable on its face (it's kinda like using Alex Jones as an expert on pizzeria child sex rings). Laffer has never provided empirical evidence to support the validity of his model in the real world (and real world experience have dispelled it time and again). He has never been able to pinpoint where we are on the Laffer Curve, nor at what point on the curve maximum revenue is realized. He's an economic charlatan, plain and simple.

Your article only shows that people generally prefer low income tax to high income tax. No shit, Sherlock. It fails, however, to account for sales taxes and taxes on real estate and personal property which are frequently much higher in states with low or no income taxes. State governments need to get their money from somewhere. They can't just print it or run deficits like the Federal government does.