unbeliever Posted July 30, 2015 Author Share Posted July 30, 2015 80% of £1 is better than 40% 80% of 0 is 0. If you deter the activity you want tho tax, you get nothing. Link to comment Share on other sites More sharing options...
Cyclone Posted July 30, 2015 Share Posted July 30, 2015 High tax is a good thing According to whom? And what logic? Link to comment Share on other sites More sharing options...
RonJeremy Posted July 30, 2015 Share Posted July 30, 2015 High tax is a good thing You are probably trolling but here goes: For whom is it good? Good for the hard working individual? Good for their ex employees? Or good for the country which receives less and less tax revenue? Link to comment Share on other sites More sharing options...
TJC1 Posted July 30, 2015 Share Posted July 30, 2015 According to whom? And what logic? According to economics and maths. ---------- Post added 31-07-2015 at 00:52 ---------- You are probably trolling but here goes: For whom is it good? Good for the hard working individual? Good for their ex employees? Or good for the country which receives less and less tax revenue? It brings in more revenue. Link to comment Share on other sites More sharing options...
unbeliever Posted July 31, 2015 Author Share Posted July 31, 2015 According to economics and maths. Most certainly not according to the Laffer curve. Let's start with something simple. Would you agree that there are 2 top tax rates that would bring in zero revenue: 0% and 100% ? Link to comment Share on other sites More sharing options...
Cyclone Posted July 31, 2015 Share Posted July 31, 2015 According to economics and maths. Well, don't be shy. Go ahead and produce some links to economics texts that say "higher tax is good". The maths you're talking about is presumably the simplistic calculation you already used, totally devoid from any real world use. Link to comment Share on other sites More sharing options...
TJC1 Posted July 31, 2015 Share Posted July 31, 2015 Most certainly not according to the Laffer curve. Let's start with something simple. Would you agree that there are 2 top tax rates that would bring in zero revenue: 0% and 100% ? Laffer curve is wrong. ---------- Post added 31-07-2015 at 11:31 ---------- Well, don't be shy. Go ahead and produce some links to economics texts that say "higher tax is good". The maths you're talking about is presumably the simplistic calculation you already used, totally devoid from any real world use. Question logic. Believe me its true. Link to comment Share on other sites More sharing options...
unbeliever Posted July 31, 2015 Author Share Posted July 31, 2015 Laffer curve is wrong. Would you agree that there are 2 top tax rates that would bring in zero revenue: 0% and 100% ? Link to comment Share on other sites More sharing options...
L00b Posted July 31, 2015 Share Posted July 31, 2015 Laffer curve is wrong.The Laffer Curve is a fundamental economic principle acknowledged by professional and academic economists the world over from a very long date. Your claiming that it's "wrong" simply makes you look unreasonable (to put it kindly), and not worth debating with. Link to comment Share on other sites More sharing options...
Cyclone Posted July 31, 2015 Share Posted July 31, 2015 Laffer curve is wrong. Question logic. Believe me its true. Hahahahahahahah. Link to comment Share on other sites More sharing options...
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