tag:blogger.com,1999:blog-21829866.post8697910107652625665..comments2023-08-20T07:06:14.115-04:00Comments on Thurber's Thoughts: The Laffer Curve and Toledo's BudgetMaggiehttp://www.blogger.com/profile/12677808307727487766noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-21829866.post-72570946284060061732007-03-20T16:21:00.000-04:002007-03-20T16:21:00.000-04:00Rusty - not sure you'd see an immediate impact in ...Rusty - not sure you'd see an immediate impact in new companies and new people if you cut taxes - but it would be the first step in making this a friendlier environment...<BR/><BR/>Cutting taxes alone won't solve any jurisdiction's problem by itself...Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-18386303567162814712007-03-18T11:24:00.000-04:002007-03-18T11:24:00.000-04:00Maggie,Even before you introduced me to the Laffer...Maggie,<BR/><BR/>Even before you introduced me to the Laffer curve I understood the cause and effect relationship.<BR/><BR/>From the looks of it, the majority of council does not and probably won't understand/believe/trust the Iceland example either.<BR/><BR/>But, what of the Republicans on council and their conservative values/beliefs? Surely they should have been pushing for lower taxes to increase income, rather than driving more hard-working taxpayers away.<BR/><BR/>At least, that's what I would have expected anyway. . .Hooda Thunkit (Dave Zawodny)https://www.blogger.com/profile/13176392380086227377noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-18426620584698042222007-03-13T00:14:00.000-04:002007-03-13T00:14:00.000-04:00The problem is given the short amount of time with...The problem is given the short amount of time with the way the City is doing the budget process things are rushed thru to balance it rather than taking a good look at it. Some of the points Michael Ashford made were good ones.Anonymoushttps://www.blogger.com/profile/00606533906583651054noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-51882156809577420162007-03-12T19:17:00.000-04:002007-03-12T19:17:00.000-04:00Rusty - I didn't say that taxes were the major cau...Rusty - I didn't say that taxes were the major cause of Toledo's problems...and if that is somehow implied in my post, it's not intended. The point was that taxes to cover the decifit are not the solution...that perhaps (or probably) we're already in the 'prohibitive range' of the curve.<BR/><BR/>But I agree with your assessment - especially water, which is why I advocated for an additional water intake facility to position us better for the future. <BR/><BR/>Water - and our transportation abilities - are key to our future success.Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-53221208006616423802007-03-12T15:59:00.000-04:002007-03-12T15:59:00.000-04:00Brian - part of the Laffer Curve is just common se...Brian - part of the Laffer Curve is just common sense...government taxes what it wants to discourage. If you tax earnings, you discourage them - the same as with cigarettes. And while our local leaders think it's a good to discourage cigarettes, they fail to recognize that the same impact applies to earnings.<BR/><BR/>But you're right - I don't think most elected officials have any clue about basic economics...but then, I can think of only 2 or 3 who've ever been in business (running or owning) where such lessons could have been learned.Maggiehttps://www.blogger.com/profile/12677808307727487766noreply@blogger.comtag:blogger.com,1999:blog-21829866.post-19966787935218118712007-03-12T15:46:00.000-04:002007-03-12T15:46:00.000-04:00Maggie;Interesting enough I learned this in basic ...Maggie;<BR/><BR/>Interesting enough I learned this in basic 101 economics, yet when I went to University of Dayton for a masters in public administration, it was not taught in any government financial classes. Considering how few people take economics today, there is little doubt your elected and public officials know nothing of this basic economic theory.Brianhttps://www.blogger.com/profile/05043279868308825316noreply@blogger.com