This post makes the same mistakes many critics of the Laffer curve make. The Laffer curve, despite their simplistic criticisms, does not say that lower taxes i

This post makes the same mistakes many critics of the Laffer curve make. The Laffer curve, despite their simplistic criticisms, does not say that lower taxes increases revenue, it says that there is a "sweet spot" where tax rates maximize revenue; if your rates are higher than that, then lowering them will increase revenue, but if the rates are lower then raising them should increase revenue. Similarly with pricing schemes; there is some price point which will maximize revenue, often it is lower than the seller believes, but not always. J A Konrath on his blog has discussed his experiments with pricing and revenue several times over the last few years (http://jakonrath.blogspot.com/ http://jakonrath.blogspot.com/).