this post was submitted on 21 May 2024
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chapotraphouse
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The funny thing is that it's relatively agreed-upon amongst economists that the point on the Laffer curve that maximizes tax revenue is ~70% for the highest earners. American conservatives bring it up to "prove" why raising taxes doesn't work but even under their own framework it basically says that rich people don't pay enough tax.
https://en.wikipedia.org/wiki/Laffer_curve#Empirical_analysis