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The Water Cooler
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<blockquote data-quote="inactive" data-source="post: 2004753" data-attributes="member: 7488"><p>In agreement? Pretty much! Emphasis on <em>some</em> for sure. Irrational behavior does happen though, particularly when the utility is relative to the individual worker. <a href="https://www.coursera.org/course/behavioralecon" target="_blank">This </a>would be a fascinating course to take, and it's free.</p><p></p><p></p><p>The microeconomics part aside, there is still a huge macroeconomic debate on whether reducing tax rates grosses more tax revenue. This a good read: <a href="http://www.factcheck.org/2012/08/romneys-impossible-tax-promise/" target="_blank">http://www.factcheck.org/2012/08/romneys-impossible-tax-promise/</a> (the Analysis section). If you ignore the conclusion that states " He’s promising that the share of taxes won’t change. He has failed to prove that’s possible. And based on available evidence, we don’t see that it is," you can garner some pretty good insight (the disputing reports) on the matter to make your own conclusions.</p></blockquote><p></p>
[QUOTE="inactive, post: 2004753, member: 7488"] In agreement? Pretty much! Emphasis on [I]some[/I] for sure. Irrational behavior does happen though, particularly when the utility is relative to the individual worker. [URL="https://www.coursera.org/course/behavioralecon"]This [/URL]would be a fascinating course to take, and it's free. The microeconomics part aside, there is still a huge macroeconomic debate on whether reducing tax rates grosses more tax revenue. This a good read: [url]http://www.factcheck.org/2012/08/romneys-impossible-tax-promise/[/url] (the Analysis section). If you ignore the conclusion that states " He’s promising that the share of taxes won’t change. He has failed to prove that’s possible. And based on available evidence, we don’t see that it is," you can garner some pretty good insight (the disputing reports) on the matter to make your own conclusions. [/QUOTE]
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