[quote=Hobie]
It is really human nature and Laffer did a great job illustrating it. If the politicians can keep their hands off the checkbook under a lower tax rate, revenues will increase.[/quote]
Laffer did do great job of illustrating it. But what he didn’t do, nor did any of the tax policies based on his theory, is prove that his theory has any validity. Pretty pictures don’t validate a theory. His theories have never been supported by any empirical evidence. There is no evidence that the economy reacts as he theorized. It is no more than a failed theory. Glad you like the pretty pictures though. Kinda like air-brushing a photograph of Ernest Borgnine to look like Cindy Crawford. Ernie still isn’t a pretty woman.
