Saturday, November 28, 2015
The Laffer Curve ... Really?
Where have Cecil Bohanon and Bill Styring been since Reaganomics burst onto the scene?
Here's one contrary view: "So the Laffer curve says tax cuts for the rich? This isn't going to be funny": "Laffer was an associate of the Reagan administration, which had a staged cut in the marginal higher rate of personal income tax from 70% to 28%. The effect on the budget deficit was also striking. Reagan doubled it to $155 billion and tripled government debt to more than $2trillion."
"The Laffer curve relies on the twin assumptions that the rich create the output in an economy and that they need incentives to choose idleness over work. But there is little evidence to support these hypotheses."
And, a more recent example: "The Laffer Curve has Flatlined"" "Govs. Brownback [Kansas] and Walker [Wisconsin] killed [the Laffer Curve] simply by implementing the theory and proving its lack of success."
And, another view: "The New Laffer Curve Logic and the Lack of Evidence for it" "After being shown again and again that tax cuts don't increase revenues, those who make the Laffer curve argument stopped making the claim...."
Maybe it's time for the IBJ to hire some reality-based columnists!
Posted by Indianapolis Observer at 4:22 PM No comments:
Monday, November 23, 2015
(Partial) Trash Slide
Residential trash, heavy trash, leaf collection and curbside recycling services will not be available on Thursday, 26 November. Instead, Thursday routes will run Friday, 27 November, and Friday routes will be picked up Saturday, 28 November. All services will return to normal schedules beginning next Monday, 30 November.
Now through 4 December, residents may leave up to 40 bags of leaves (in regular trash bags or paper yard waste bags) for collection on their regular trash day.
Posted by Indianapolis Observer at 12:12 PM No comments:
Wednesday, November 4, 2015
Bad Start, Hogsett
Therefore, agreeing to "continue Ballard's legacy" isn't a viable option.
According to IBJ.com, Hogsett "even praised two of the programs — the Vision Fleet electric car contract and BlueIndy car-sharing service — that Democrats on the Indianapolis City-County Council have spent the last year fighting.
“'From a conceptual standpoint, BlueIndy, Vision Fleet, I think are great ideas,' Hogsett said. 'The biggest criticisms haven’t been necessarily on the merits but rather the way the decisions were made.'"
Ummmm, no. There's more to the controversies than just the backroom dealing -- egregious as that is.
Guess we'll have to wait and see if Indy voted for Ballard 2.0 in the guise of somebody who should know better.
Posted by Indianapolis Observer at 4:24 PM 1 comment:
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