I periodically explain the principles of the Laffer Curve, particularly in hopes that I will educate lawmakers that higher tax rates are a bad idea - even if they wind up generating additional revenue.
Obama's proposed class-warfare tax hikes, for instance, might pull in some extra loot for the political class to redistribute. But is it a good idea to give the politicians more money…
Read also http://talonspoint.wordpress.com/2012/03/14/californias-laugher-curve-proves-socialism-isnt-funny/
