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Joined 2 years ago
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Cake day: June 14th, 2023

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  • It’s been a long time since my college econ classes, but I remember the flaw with Laffer’s curve wasn’t so much that it exists as it was his assumption that we’re on the right side of the curve instead of the left.

    As far as I can remember, even if Laffer was correct about his theory (and that’s a hell of an if) no one has been able to demonstrably prove the point where cutting taxes increases federal revenue. It’s pretty obvious at this point the whole theory is just a post hoc rationale for cutting taxes.








  • So you will believe a rumour based on nothing

    Says Tesla. You’re a fool if someone saying “nuh uh!” is good enough for you. Especially when its the reputation of the WSJ vs. the reputation of Tesla.

    won’t believe the board of directors denying said rumour unless they sue?

    Tell me you know absolute dick-all about corporations, without telling me you know dick-all about corporations.

    I’ll give you a hint: what do you think would happen to the stock price of literally any company if the board confirmed they were ousting the CEO before the CEO was out? My dude, your native Australia has a better chance of eliminating every single venomous critter on that island than any corporate board admitting that. And that goes double for the single most overvalued stock on the planet, whose price is driven solely by the hype man’s promises.

    So yes. If and when Tesla sues the WSJ, and wins that case, then I’ll believe they were right. Until then, I’m going to treat them like the lying Nazi-enabling shit car company they are.