Economic thing, dont remember who said it

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Someone posted a link talking about the doubling of IRS income not being significant during the reagan years because it doubled every decade and that its like a rooster claiming responsibility for the sun rising.

I cant remember who posted that, or what thread it was in. For some reason I cant find it either.

Anyway, think real quick about the logic of that. If the IRS income doubled every decade, including the one where reagan slashed taxes... then doesnt that directly prove that what Reagan did was good?? All things being equal, such as the IRS income doubling every decade, isnt it better for people to have more of their own money? If I took 70 cents of every dollar you made so the IRS would make X dollars so the IRS would collect a total of Y dollars, and then decided to take only 33 cents of every dollar you made, and the IRS still managed to make its Y dollar goal, arent you a happier person??

This also directly proves the laffer curve!

[poopchow]

Whats teh laffer curve?

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That you get diminishing returns from increasing taxes.

In other words, when people were taxed 70% before reagan, people hid their money. When taxes went down, they were willing to pay a little extra money because the amount saved from tax evasion would not be worth risking going to jail. Laffer curve also includes the government getting more tax revenue from increased commerce from lower taxes.

Basically, if you tax beyond a certain point, you dont get more money, and quality of life declines.