You Can't Soak the Rich[No Matter the Tax Rate, Tax Revenues Remained about 19.5% of the GDP]

Yes, thank you. I got in a rush for class, I’m actually working on a programming degree, unfortunately Republicans have neglected economic lessons for the masses, and now it’s up to us, like ‘Horton Hears a Who’.

Did the same thing to myself yesterday, see the bottom of this post#10 and the next 2 post for a laugh,

http://www.freerepublic.com/focus/chat/2360981/posts?page=10#10

I guess the real important part is to get some basic economics out so we can all challenge Democrats before they ruin the United States as we know it

What Kurt Hauser has essentially done is to have proven the theory of Art Laffer's curve with empirical evidence. I think it would be interesting to see the data going back to 1913, when the income tax was first adopted and perhaps even before.

I would suspect that there is little variation in the constant rate.

It would also be interesting to see how Hauser's Law works in even more socialized economies such as those in Europe. Again, I suspect that the empirical evidence would support it. While some cultures may have a higher tolerance for taxation (and others a lower tolerance), and while the rate may vary by a couple of percent more or less according to these cultural tolerances, human nature is to maximize individual benefit.

Some of those old enough to remember might recall Nikita Khrushchev's grand experiment of allowing collective farm workers to cultivate a private plot of perhaps a half acre or so per family in the 1960's as a means to address Russia's chronic shortage of agricultural production in the world's largest land mass.

These private plots made up something like 3% of the land area under cultivation but produced over half of the saleable produce. It turned out to be a major embarrassment for the Communist Party, but they were afraid to end the program as it was the only thing that kept the country from starvation at the time.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.