If you really want to have intelligent conversion
by Steven Haninger - 2/21/13 3:21 AM
In Reply to: Cash cows. by crowsfoot
rather than just griping and complaining I'd suggest you stop throwing out names of people or presidents you don't like, economic classes that seem to bother you, free money versus labor money, etc., and all the things that would pollute that conversation. Start with a clean slate and state something in the way of a clear objective. Perhaps you want to find the optimum tax rate before reaching the point of diminishing returns. Maybe you know someone has already been working on this. See below:
the Laffer curve
Yes. The name will cause humor. Try to avoid laughing and see if maybe you have a better idea or a way to tweak what's already out there. I know I've heard something suggesting that the optimum maximum rate tends to fall somewhere between 30-35% but I've been unable to find that link. In any event, the suggestion is that, once that point is reached, revenues will actually fall. One reason is that, at some point, people see that extra effort isn't worth it.
Another part of the conversation might be to list what we want the government to do for us and how much we should be willing to pay for it. We make similar decisions in our own lives regarding our wants, needs, and ability to afford them.
Those are my suggestions if you're honestly wanting discussion and not just more venting.
Was this reply helpful? (0) (0)
Staff pick