Posted by donboye on August 13, 2012 in VIDEOS · 3 Comments
During waconzy’s just concluded Europe tour July 2012, he hooked up with American R&B star “TRUTH HURTS” in ride club Vienna, Austria and they recorded the remix of CLUB ON FIRE .
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September 21, 2013
Mamoraxx / Oh God. When Ray got down to like 2k health a ltitle part of me died inside for fear that we would lose him. Thank you for saving him from them, Belligerentz.
September 25, 2013
"your expenses are 1/4 of your gross prioft."—————————-With a business like that, who cares about taxes? This is the same problem as before: bay making prioft a huge part of the business it makes the effect of taxes look bigger than they are in the real world. Not that they don't have an effect, but a lot of bad business decisions get made because they look like good tax decisions, and then when they go south, taxes get the blame. ==============================="more than a dozen various "experts" got a range of answers from 20% to 70%. "————————OK, If they had had to vote on the best consensus answer, they would have had to say…….49.5607070704033194050636052 plus or minus 16. The politicians who should have an interest in this, and from whom you might expect an answer of around 20, declined to answer.The average deviation from the mean is about 25%, but the lowest answer deviates by more than 60%. An estimate of 19% looks like an outlier, in this group of experts.=======================I believe that Feldstein and Mankiw offered the most insight,in that the short term answer and the long term answer are different. However, the basic question in play here is "At what tax rate, does revenue decline." Which implies the short term answer.Feldstein also asks the critical question, "Why would you want to know how to maximize revenue?"==============================="This simple exercise is only intended to convey a CONCEPT of how taxation affects business growth and accumulation of wealth, and it does an excellent job of it."—————————–I agree, it does a good job of that, but it does not elucidate where the Laffer curve bends.I agree that taxes represent a complete drag on the economy, if you assume the government provides NOTHING in return. The better job the government does, the less the effective drag.The better job business does, the less government interference is demanded, and the lower taxes can be. The more money business makes, the less of it you have to take to support government.We do not have a fundamental disagreement here, but we don't have a reasonably precise, agreed upon answer that is supported by theory, experiment, or history, either. Without that, neither "side" can use the Laffer curve as a basis for policy decisions.
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