It ran away too quickly, so here's a tablet sketch instead. |
- I thought this was a good comic.
- I've posted something like this before. Maybe exactly this. Whatever.
- Mulan.
- I really want Qdoba now.
- "The basic Curve itself is a mathematical certainty. At 0% and 100% tax rates no revenue is raised. At some point inbetween those two numbers revenue is raised. Thus there’s a curve and there will be some point on that curve (perhaps many, that curve could have almost any shape) a tax rate that maximises revenue collection. [...] It’s the process of looking at a particular tax change and asking what the Laffer effects of that tax change are. This is entirely normal by the way, at least it’s entirely normal in a mature political environment." Got that? There's a function that is presumed continuous between two end points, but the exact form is unknown. Then, "mature political environments" can use that unknown function to score policy. Do you know what the derivative of an unknown function is (since you need a differentiable function to find a maxima)? Here's a hint: it's whatever you want it to be because you stopped doing math two steps ago. I was going to call you a fucking moron, Tim Worstall, but instead I'm just going to assume that you get mocked for your inexplicably accurate last name.
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