> The theory behind all those high-end tax cuts — a theory that I once found persuasive, I admit — was that it would unleash entrepreneurial energy: The lure of

> The theory behind all those high-end tax cuts — a theory that I once found persuasive, I admit — was that it would unleash entrepreneurial energy: The lure of great wealth would inspire business leaders to work harder and smarter, and the economy would flourish. That's one reason I suppose but it's important to note that despite large differences in top marginal tax rates, the percentage of tax revenue as a percentage of GDP has stayed remarkably stable since the 40s. So perhaps something else is going on. [0] https://upload.wikimedia.org/wikipedia/commons/7/75/U.S._Federal_Tax_Receipts_as_a_Percentage_of_GDP_1945%E2%80%932015.jpg https://upload.wikimedia.org/wikipedia/commons/7/75/U.S._Fed...