Laffer curve - the real laugh

[Sawzall]

tw wrote: No tax cut nonsense has ever created innovation.

I will grant you that. But I would suggest that *overtaxation* has stifled innovation time and time again. Why? Because innovation, beyond an idea, requires free cash flow in order to be converted into actual productive goods or services.

I do not see it as a zero sum game - the ideal tax rate will generate the maximized tax revenue. A rate too high will evenutally fail since it "eats the seed corn" of enterprise. I generally find the concept of a rate too low as absurd, but then again, I tend not to support government beyond the basics.