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That's not how people vote in elections.[1] In reality, some people will probably leave, and the rest will likely avoid the increase by receiving the income vi
by nickff 6y ago
That's not how people vote in elections.[1]
In reality, some people will probably leave, and the rest will likely avoid the increase by receiving the income via lower-rate methods. It seems likely that CA is past the peak of the Laffer curve, and will lose tax revenue.[2]
[1] https://en.wikipedia.org/wiki/The_Myth_of_the_Rational_Voter https://en.wikipedia.org/wiki/The_Myth_of_the_Rational_Voter
[2] https://en.wikipedia.org/wiki/Laffer_curve https://en.wikipedia.org/wiki/Laffer_curve
- deleted 6y ago[deleted]