The Laffer Curve Redux

Vox Day points out something very profound in this post on how Great Britain is rediscovering the Laffer Curve when its effects have been known since 14th century.

“It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.” -Ibn Khaldun

Vox makes the point that there is no such thing as human progress.  We continue to re-learn the same lessons repeatedly.  The Utopian and those with utopian leanings refuse to see the world as it is;  they see the world as they wish it would be and vilify, destroy, and exterminate their opposition.  The super killers of the 20th century were all utopians, Hitler, Lenin, Mao, Pol Pot building a perfect society with justice and equity.  You can’t assemble a fairy tale castle with rotted timber no matter how far your tools have progressed.  How many more people will die in this vain pursuit?  We don’t learn that we don’t learn.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s