Quote:
Originally Posted by roachboy
it's stunning to me that anything like this sort of debate is still happening. because it's stunning to me that anyone takes conservative economic theory or the way it organizes data and defines what is and is not important seriously. maybe this 2008 piece from psychology today speaks to it:
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Demagoguery has been an effective strategy, but it is beginning to fail. At some point logic prevails, for example:
Isn't it a given that at an excessively high marginal tax rate, taxes collected are negatively impacted and that lowering those rates will result in greater taxes collected?
Perhaps you don't take such a question seriously, but many do, conservative or not.
Serious thinkers also know that on the other extreme - an increase in taxes collected can also occur - hence the search for equilibrium.
Given that at an excessive low marginal tax rate, taxes collected are negatively impacted and that increasing those rates will result in greater taxes collected.
Supply sider's understand the challenge in these kinds of questions, even if others do not or want to play pretend game and use demagoguery.