Comments on: EDWARDS: Taxes at the Breaking Point http://thepoliticizer.com/blog/2009/07/27/edwards-taxes-at-the-breaking-point/ A fresh perspective on politics and society from the internet generation. Fri, 10 Sep 2010 14:01:25 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Tim http://thepoliticizer.com/blog/2009/07/27/edwards-taxes-at-the-breaking-point/comment-page-1/#comment-3044 Tim Mon, 03 Aug 2009 23:33:30 +0000 http://thepoliticizer.com/?p=613#comment-3044 Arthur Laffer is a complete moron and it is a disgrace that he was ever given his Ph.D. While it is true that progressive taxation can reduce total tax revenue, it is (as of today) impossible to determine at what marginal tax rate the incentive to stay home is stronger than the incentive to work. I would argue that it's much higher than 50%...and probably much closer to the 70% of the Carter era than you'd like to believe. The reason why so many Americans are not paying anything is because they are out of work and poor, because our monetary unit ran this country into the ground. Whining about progressive taxation when our economy is at a screeching halt is unnecessary and ridiculous. If anything, we need a cut in spending combined with an increase in taxes across the board when this ridiculous depression is over. Arthur Laffer is a complete moron and it is a disgrace that he was ever given his Ph.D.

While it is true that progressive taxation can reduce total tax revenue, it is (as of today) impossible to determine at what marginal tax rate the incentive to stay home is stronger than the incentive to work. I would argue that it’s much higher than 50%…and probably much closer to the 70% of the Carter era than you’d like to believe.

The reason why so many Americans are not paying anything is because they are out of work and poor, because our monetary unit ran this country into the ground. Whining about progressive taxation when our economy is at a screeching halt is unnecessary and ridiculous.

If anything, we need a cut in spending combined with an increase in taxes across the board when this ridiculous depression is over.

]]> By: Kathleen McCaffrey http://thepoliticizer.com/blog/2009/07/27/edwards-taxes-at-the-breaking-point/comment-page-1/#comment-2345 Kathleen McCaffrey Tue, 28 Jul 2009 16:57:24 +0000 http://thepoliticizer.com/?p=613#comment-2345 Very astute observation, David! You always point out the (irrefutable) economic missteps of the Obama Administration. Very astute observation, David! You always point out the (irrefutable) economic missteps of the Obama Administration.

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