I’ve repeatedly tried telling several Dems I know about the Laffer Curve, which is the basis upon which taxation affects the economy. It’s a simple, straightforward, obvious, easily understandable 2-dimensional graph. A 5 year old could see how it works. It’s been proven true many times, both positively (Reagan) and negatively (Bush41).
To date, none of the Dems I’ve talked to have been able to comprehend it, let alone accept it as fact.
I’ve seen a Dem at a lecture where the speaker explained that our annual debt is greater than the total amount we spend on the Dept of Defense and how you can’t balance the budget even if you cut all DoD spending completely. There were dollar amounts and everything. The Dem still insisted we should cut Defense spending to balance the budget.
I’m convinced that Dems know nothing about finance, care nothing about learning how money works, and cannot be taught the most simple things about money. They just can’t.
People who understand so little about money should NEVER have a say in how it’s spent or how it’s taxed. Nothing good can come from it.
Here’s the Laffer Curve as presented by economist Art Laffer to Ronald Reagan. It was the basis of Reagan’s HUGELY successful tax cuts.
It was enough for Reagan to do the right thing. In reality it looks more like this.
That point of peak revenue is somewhere around 18.5%. Any tax above that point not only punishes the people and brings down the economy, but it also brings in LESS tax revenue.
Art Laffer explained it to Ronald Reagan on the back of a napkin. Try explaining this to a Dem though, and you’re in for a frustrating and confusing argument about Lib nonsense and various unrelated social issues.
They just don’t get it. They never get it.
I am sincerely convinced that ALL of the Democrats (officeholders and voters) slept thru economics class in school: “All those numbers and graphs and provable facts make me dizzy.”
The Founding Documents made it perfectly clear (to those who bother to actually read them) that America was intended to have a Limited Government in order to secure American Freedom. But this “antique paperwork” has been ignored and disobeyed for so long now that mention of them generally causes people’s eyes to glaze over. Thus the National Debt continues to soar and (unconstitutional) “Rules and Regulations” are issued by the thousands of pages annually.
Of course they won’t get it.. IT REQUIRES them to acknowledge FACTS.
Can I give a 5 Thumbs-Up to this one????
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