May 10, 2005

Shovels and Fresh-Baked Crow

The Maximum Leader (disingenuously) notes that there was an unexpected increase in revenue in April. He uses this to argue that we are on the right side of the Laffer curve: If revenue increases as the result of tax cuts, then this would indeed prove the Maximum Leader's point.

But the Maximum Leader, perhaps cutting and pasting too quickly, did not read the text of the Postr article he posted (Heh. Posted a post article. Heh.) Cut and pasted* from the Maximum Leader's own post is the following:

April, however, turned out to be a far better month than anticipated. Taxpayers
were confronted with unexpected tax bills, many from capital gains and the
alternative minimum tax, a parallel income tax system designed to hit the rich
but that is increasingly pinching the middle class.

Huh.

So, in actuality, taxes were increased on some households.

And revenue went up.

Oh, Maximum Leader! Your humble Minister of Agriculture is so confused! If taxes went up and revenue went up, that means that we are on what side of the Laffer curve?

NB: Don't expect a reply from our Maximum Leader, who is congenitally incapable of admitting error. Otherwise, one couldn't argue for total infallibility. I mean, look at the Papacy. First you start apologizing for the crusades, and next thing you know, American Catholics start supporting Margaret Sanger.

* Actually not cut and pasted but laboriously hand-copied because of the medievel coding of this site. Please, Sadie, rescue us from the obnoxious inability to cut and paste into or out of Naked Villainy. For the love of God I beseech thee!

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