In a post, we find Bellowing bellowing about, what else, taxes. Yawn. Anyway, he tries to prove his point using the Laffer Curve. Mark tries to use this curve as a tool to prove taxes are too hight and that is why the government is not maximizing tax revenues.
However, Paul Soglin at Waxing America, points out that he is not using the curve the correct way (emphasis mine):
If you believe in this hocus-pocus, at least get it right. Laffer argues that there is an optimal point were the tax rate will result in the greatest revenue for the government.
Set the tax rate too high, and revenues decline. Set the rate to low and revenues decline.
In other words, taxes might be too low.
More misinformation from right wing Milwaukee talk radio.
Yeah, Paul, tell us something we don't already know.