Quote Originally Posted by carl View Post
Just because a rate is ridiculously high doesn't mean it isn't applied. So if you knock down a ridiculously high rate revenue goes up because economic activity goes up. Which you said. So lower taxes don't equal lower revenues period. Viola.
Just to stir the pot a bit...and please keep in mind that I am a fan of the scientific method, not a keynesian, nor am I a fan of either of our currently 'ascendent' political parties...

Note to neo-liberals: Earth orbits the sun, John Ross, 24 Nov 2012, Key Trends in Globalization, http://ablog.typepad.com/keytrendsin...s-the-sun.html

H/T to Gavyn Davies, FT Macroeconomics Blogger and Goldman Sachs Alum

As for torture...it's a tool of the twisted & weak....karma catches us all in the long run...