Quote:
Originally Posted by whell
Still showing a lack of understanding. You always know where you are on both the X and Y axis...
|
How can you know where you are on this graph if neither axis has values assigned? For example, can you tell me which
exact point on the X axis (what tax rate) provides for maximum revenue? If you can't, you can't logically make an argument that we are at a point on the graph where tax cuts will increase or decrease revenue.
Furthermore, if you even attempt to respond to this, you're admitting that you believe that our economy's health is based solely upon one variable (tax rates) and that monetary policy is fundamentally irrelevant (as are rule of law, corporate governance, corruption, education, worker mobility, innovation ...) Have you ever studied advanced math, statistics or economics? It sure doesn't look like it. The more you try to demonstrate your knowledge of economics, the less it appears you actually understand.