That's the...

Enterprise*.
(FP1)^

*Tom Kludt
^ speaking of timing

Proof of the Jell'n

Mix'd Magel 'n?

(FP1)

The Curve or Nuance Thing

In this I am referring first to the Laffer Curve, which is propably not exactly a Bell Curve..

Now to un-nuance something or other.** The Laffer Curve has generally been used to argue that reducing taxes will increase government revenue. That is also called Supply Side economics. Reduced taxes(for the rich and corporations) will create jobs that will produce things and the economy will grow. Supply money, or not take it away, and it will supply jobs that will supply products and people will buy more. A better economy means better revenue. If people cannot see a few leaks in this theory, it is not just what I may have left out.

Not just the Demand Side, but also the debt side, the outsourcing, and the Wall Street or commodities side are left out. If money is being left in businesses and jobs, it is not being taxed as income. If it has a lower tax rate it will come out as income that will be spent, but there are fewer people in the top tax brackets to benefit the economy than there are in the lower tax brackets who would benefit the economy by having enough money to pay for their needs let alone their demands. Their decrease in taxes, or other income benefits,* would increase demand for products which would produce demand for jobs, which would increase their ability to benefit the economy. Now of course there are dangers to an either/or supply or demand(or any general) approach to the analysis. Then there are the debt, outsourcing, and Wall Street factors. Taxes are aslo a part of how these issues(debt, trade, and investment) effect the economy as generally explained here,(as well as in a more complex equation of the economy) as well as how changes in tax code may help the economy.

This has generally been more about how reduced taxes can help the economy. But there is the correction to the myth that all reducing of taxes increase the revenue. When that is more properly on the curve or in the equation, increased revenue will come from a general rise in the economy, as well as the proper taxation rate which will benefit the debt picture, which will be good for the economy. Now, too much emphasis on the burden of debt, trade and investment risks, must also find itself on the curve or dynamic equation of the big picture as well.

* two charts



** two curves in first paragraph: Ezra Klein and Eugene Robinson
*** yet to fully read, but a note on foreign aid as something to cut with only 1% of the budget. It just might fit into the above understanding of proper balance and investment not that it all is, but a cut in foreign aid may mean an increase or leak in another part of the picture above.

[I hope the above is easy to understand, but then there is the crack pot calling the kettle "stupid". i.e. Wall Street Journal and Bloomberg disagreeing with what Alan Simpson and Charles Krauthammer think.]

[Also Straw Man D'baits Red Herring. Thomas Sowell is right, there is no trickle down. That is because the money needs to be spent at the bottom, but where does the money come from? From the demand and the production of the worker.]

[3-11-11: two links (an update) from State of Thought blog]

I'm not even

gonna read this yet, or MoveOn to this. But is this the deal?
[Scroll over links for 'nuf context]
It seems a spectrum of progress and contrast. From Bush, to Blair, from Tea Parties, to Newt. Each looks better in perspective to the others.
[9-15-10 Re: further preemption]
[Counter Balance[*] of Table]
[Just noting the complexities of international diplomacy and domestic politics, as well as the "two party" system. While we near a deal of major import, minor fears drive local divisions, and have major costs. Democrats run divided, while Republicans divide to run. While this is not a clear and fair analogy, as of course division is needed in races within parties. But Democrats have not created a party to run against itself, while it has those in office who run rather* independent.]
[And Under the Radar]
* see Balance above and cost of debt and war

[Image use and source; original.]

[*][On the other hand, extending only the middle-class Bush tax-cuts only reduces the borrowing by $700 billion.]
[9-16-10: extending the Bush Tax cuts: adds $3.9 trillion** to National Debt, while extending only those above $250K would add only $3.22 trillion. i.e. reduce by $680 billion. ]
** 3.8? Quote: Extending them for the next 10 years would add about $3.8 trillion to a growing national debt that is already the largest since World War II. About $700 billion of that reflects the projected costs of tax cuts for those in the top 2 percent of income-earners.