Why Germany Still Has So Many Middle-Class Manufacturing Jobs

Re:Why Germany Still Has So Many Middle-Class Manufacturing ... by ChefDenominator on Sunday May 28, 2017 @03:14PM (#14435666)

There is a common misconception of the Laffer curve that is based on trying to interpret the data. However, what the Laffer curve demonstrates is that there is a curve, nothing else.

Please note that I do not consider anything from Wikipedia as evidence of anything, so if you are trying to get me to respond to something to do within a Wikipedia article, it just isn't going to happen. The number of times I have discovered serious issues with those articles, especially on political, philosophical, and academic topics is, frankly, disturbing.

There is a theory within some economic schools of thought that savings generates production, but this is not directly to do with tax rates or the Laffer curve, nor even rich people.

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Re:Why Germany Still Has So Many Middle-Class Manufacturing ... by Roboprog on Sunday May 28, 2017 @03:36PM (#14435748)

Thus, the "+". The article is fair in that regard - it's just an abstract curve, with no exact formula, let alone coefficients. In practice, though, when somebody brings up Laffer, they are going to claim constants that generate a curve that peaks with a low tax rate.

In one sense, you are likely right: there is probably no formal academic theory of "supply side economics. But we have been subject to hearing this interrelated line of argument over and over since Reagan.

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