Re: Laffer Curve

From: Johnny Marcos (johnny5_at_yahoo.com)
Date: 07/05/04 

Date: Mon, 05 Jul 2004 21:33:19 GMT

"Darren" <reply.to@news.group> wrote in news:40e997a1_1@dowco.com:

> That's fine. Other people have other preferences. Maybe they don't
> *have* a Lexus yet but they really want one. Or two. They really
> want a smaller cell phone, or a faster computer. They want those
> things and they are willing to work for them. You don't particularly
> want those things (though you wouldn't turn them down if they were
> free), and so you aren't willing to work for them. That's fine too.
> (BTW, a faster computer can do all sorts of neat things that your
> 33Mhz machine cannot do... computers are used for more than checking
> email, eh?)

Well sure, but sci.econ and email and news and the internet are the
majority of my use of them - their interconnectednees and access to data
is what makes them valuable to me - the digital library of alexandria
that we can all access - unless you live in China where they are blocking
the citizens from getting into the library!

> I was responding to "none of the above", who said that "the incentive
> to work is food and shelter". Nonsense. The incentive to work are
> peoples *wants*, as well as their needs. Nobody really "needs" a
> Lexus, but if they want that Lexus more than they want free time, then
> they work. That's their incentive.

Absolutely - Time - people seem to be getting less - but it is because
they are letting their wants grow too fast

http://www.amazon.com/exec/obidos/ASIN/096680130X/qid%3D914520026/104-
5601168-9474344

Timesizing is lost in modern economics discussion.