Tag Archives | Corporateers

The Fail Files (Vol. I)

The expected ripostes have begun to trickle in from our inaugural post — especially from my favorite aggregation site, Disinfo.com.  I anticipate quite a number of challenges to the self-evident notion that 1-1=0 from the Korporate Kabbalist crowd.  So I thought I’d actually give a name to the series of posts I expect to file answering them, “The Fail Files” — reflecting the laughable durabilty of such a stupid notion as the Laffer Curve.

"You have slain my corporate master! Prepare to die!"

Okay, so here’s the first two questions I choose to answer*

1.  Q:  “But won’t our corporate masters simply pass their taxes on to us in the form of higher prices?”

A:  Not statistically likely.  There is an extremely weak correlation between increases in corporate income tax and inflation as measured by the Consumer Price Index–less than 3%, in fact.  Which is within the typical margin of error for a coin flip.  See details here.… Read the rest

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