White House secretly passes currency controls
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From: Joel Koltner on 5 Apr 2010 14:35 This one's good too: http://online.wsj.com/article/SB10001424052748703976804575114241782001262.html?mod=WSJ_newsreel_opinion
From: Joerg on 5 Apr 2010 14:40 Joel Koltner wrote: > This one's good too: > http://online.wsj.com/article/SB10001424052748703976804575114241782001262.html?mod=WSJ_newsreel_opinion > A _classic_ example of how the Laffer curve works. Bill, are ya lis'nin? Oh, and don't expect body politicus to understand the Laffer curve :-) -- Regards, Joerg http://www.analogconsultants.com/ "gmail" domain blocked because of excessive spam. Use another domain or send PM.
From: Bill Sloman on 5 Apr 2010 18:01 On Apr 5, 8:40 pm, Joerg <inva...(a)invalid.invalid> wrote: > Joel Koltner wrote: > > This one's good too: > >http://online.wsj.com/article/SB1000142405274870397680457511424178200... > > A _classic_ example of how the Laffer curve works. Bill, are ya lis'nin? A rather less than classic example. The tax hike was definitely on the low side of the Laffer Curve, so it - of itself - wouldn't have justified the victimns of the tax pulling up stakes. In fact it was a state tax, being applied to million dollar incomes. If you'd read the article, you'd have noted that most of the loss of revenue was due to the economic downturn, and the rest the usual deal in which people who earn a million dollars find it worth their while to keep a tax expert on tap to reorganise their affairs, so some of them went to the trouble of moving their official place of residence to avoid the (local) tax. Since most people with this kind of money have several residences, this would have been just paper shuffling. This isn't the Laffer Curve in action, its just incompetence on the part of the tax legislators, who wasted their time trying to get money from people who pay enough tax to justify keeping a tax avoidance expert on tap. > Oh, and don't expect body politicus to understand the Laffer curve :-) They do - it's just one more bit of right-wing economic nonsense devised to justify giving tax breaks to the rich. There's a whole branch of pseudo-economics devoted to generating this kind of justification, subsidised by the rich beneficiaries of those tax breaks, and you really should learn to recognise the genre; anything that is endorsed by the Heartland Institute is automatically suspect. -- Bill Sloman, Nijmegen
From: Jim Thompson on 5 Apr 2010 18:06 On Mon, 5 Apr 2010 11:35:29 -0700, "Joel Koltner" <zapwireDASHgroups(a)yahoo.com> wrote: >This one's good too: >http://online.wsj.com/article/SB10001424052748703976804575114241782001262.html?mod=WSJ_newsreel_opinion Us "wealthy" folk _can_ be mobile at a moments notice. That's where leftists totally can't cope. It _will_ be painful to walk away from a country that my ancestors settled, beginning 400+ years ago (Jamestown)... but I can if pushed... leave the suckers with only themselves to suck upon :-) ...Jim Thompson -- | James E.Thompson, CTO | mens | | Analog Innovations, Inc. | et | | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | | Phoenix, Arizona 85048 Skype: Contacts Only | | | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | | E-mail Icon at http://www.analog-innovations.com | 1962 | The only thing bipartisan in this country is hypocrisy
From: brent on 5 Apr 2010 18:17
On Apr 5, 6:06 pm, Jim Thompson <To-Email-Use-The-Envelope-I...(a)On-My- Web-Site.com> wrote: > On Mon, 5 Apr 2010 11:35:29 -0700, "Joel Koltner" > > <zapwireDASHgro...(a)yahoo.com> wrote: > >This one's good too: > >http://online.wsj.com/article/SB1000142405274870397680457511424178200... > > Us "wealthy" folk _can_ be mobile at a moments notice. > > That's where leftists totally can't cope. > > It _will_ be painful to walk away from a country that my ancestors > settled, beginning 400+ years ago (Jamestown)... but I can if > pushed... leave the suckers with only themselves to suck upon :-) > > ...Jim Thompson > -- > | James E.Thompson, CTO | mens | > | Analog Innovations, Inc. | et | > | Analog/Mixed-Signal ASIC's and Discrete Systems | manus | > | Phoenix, Arizona 85048 Skype: Contacts Only | | > | Voice:(480)460-2350 Fax: Available upon request | Brass Rat | > | E-mail Icon athttp://www.analog-innovations.com| 1962 | > > The only thing bipartisan in this country is hypocrisy Come on, I know Colonel Sanders started KFC when he was 65... but do you really expect us to believe you will run from USA at age 70 ? |