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Old 04-17-2001, 10:10 AM   #9
tw
Read? I only know how to write.
 
Join Date: Jan 2001
Posts: 11,933
Re: Laffer curve - the real laugh

Quote:
Originally posted by Griff
Mr. Gilmores rational desire to help the working people of his state and get re-elected was attacked by folks with an irrational attachment to higher government spending. An unintended consequence of this oppressive tax was the supression of new car sales, forcing folks to drive older cars with high emissions or resorting to inflexible public transportation. ...
Instead the VA government subsidized sales of luxery cars. That part was not included previously but should have been obvious to anyone familiar with the program. Instead we have the Republican party line - a half truth that some have swollowed - hook, line, and sinker.

The tax cut program's $600m debt jumped to $1.2billion because the state of VA was subsidizing rich luxery car owners. It was Mr Gilmore's 'rational' desire to help his political allies and his 'rational' desire to increase government spending on allies - made woefully obvious by early results his luxery car subsidy program. Results that even today, Mr Gilmore's fellow tax cut advocates forget to mention.

Mr Gilmore is a rich Republican in the tradition of trickle down economics and mythical tax cuts. His desire to help a poor 'bus riding' stiff is stuffed full of half truths. Gilmore should have terminated the program immediately when the first flood of car sales were higher priced luxery cars. But as long as the many don't know these facts - even today in the above post - then Gilmore subsidized rich supporters - the public still not knowing - the public be damned.

Had Mr Gilmore been interested in helping poor, carless, citizens, then obviously he would have placed a limit on the price of those cars. Mr Gilmore did not for obvious reasons - his real intent was to subsidize rich car owners and mutliple car owners. The person "with an irrational attachment to higher government spending" is the man advocating tax cuts - both in VA and US Federal governments.

Yes - those tax cuts only INCREASED government spending while loyal disciples preach mythical virtues of tax cuts. Tax cuts are promoted by the irrational who would increase government spending - then call those increases as tax cut.


[Edited by tw on 04-17-2001 at 11:40 AM]
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