[quote=Hobie][quote=SK in CV] It is no more than a failed theory. [/quote]
Sorry I lost you on the concept. So many in government tend to rule out ideas before they take the time to understand them. It really comes down to politics and power rather than directly solving a problem.
Have a good holiday![/quote]
Of course you lost me on the concept. That’s what idealogues do. Ideas they don’t like, they dismiss as irrelevant. They dismiss actual facts in favor of politics. When Laffer first proposed his theory, I questioned its validity. As a trained economist, that’s the proper thing to do with an unproven, untested theory. I didn’t dismiss it. Reagan’s tax reform included so many other good things, many of which have survived and proven to be good, it was worth a try. It failed. And then failed again.
