4 ms·
The Laffer curve is a gross simplification of reality. There is no evidence the tax income "curve" has a single turning point (given multiple differing sources
by Marazan 11y ago
The Laffer curve is a gross simplification of reality.
There is no evidence the tax income "curve" has a single turning point (given multiple differing sources of of income that are earned in different ways this is almost self evident). Even if that assumption about a single turning point holds there is no evidence that the US are on the right-hand side of the curve.
- iheartmemcache 11y agoYeah, I had no idea people still appealed to that nonsense as acceptable economic theory.
- minimuffins 11y agoFrom what I can tell actual economists across the political spectrum don't take it seriously in any way.