Quote:
Originally Posted by whell
Yeah, the left likes to keep pointing this out. It's an analogy that lacks context though. The only way the analogy works is if we also bring back Carter era run away inflation and double digit interest rates, and push the unemployment rate back up above 8%.
|
What it does show is that the sweet spot on the Laffer Curve (an article of faith in the GOP), is at least as high as St. Ronnie's highest marginal rate (i.e., revenues will go up if we raise the top marginal rate to 39.6, not down).