Tuesday, March 3, 2009

Bracketology and The Laffer Curve

If Pharaoh Obama’s hate based class warfare plan (to soak “the rich”) was likely to increase tax revenue, it might, at least, have one point in its favor. However, anybody who has ever heard of the Laffer Curve or has ever examined the data knows that Obama’s insanity does not have even that ONE point in its favor.

Our tax code has been on the wrong side of the Laffer Curve for far too long. Lower taxes would produce more tax revenue! More importantly, lower taxes would produce more jobs!

Obama claims he is lowering the tax rate for 95% of Americans. What he is really doing - exactly as he promised - is redistributing wealth from those who pay taxes to those who do not. This is NOT the same as lowering the tax rate for those who actually pay taxes (and create jobs)!

Obama’s plan will produce fewer jobs and more government dependence. Obama KNOWS THIS! But, what else would we expect from a power crazed Socialist whose (untelevised) Socialist revolution is already well underway?

Come ON! Even David Brooks is beginning - ever so slightly - to awaken from his self-induced slumber!

Listen folks, I get by - quite happily - on an annual budget which is less than the starting salary for a first year teacher in the inner city. But, I am NOT stupid enough to believe that Obama’s plan to redistribute the wealth will benefit me! It WON’T! It won’t benefit ANYBODY other than power crazed Socialist bureaucrats!

Click the image for a “few” illustrative examples
of how the Laffer Curve works in the real world:

 Click the image for a “few” illustrative examples of how the Laffer Curve works in the real world

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