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> I’m surprised at how much this got downvoted. The laffer curve is pretty intuitive. I’m not sure why there is all the hate "Intuitive" does not necessarily
by tablespoon 5y ago
> I’m surprised at how much this got downvoted. The laffer curve is pretty intuitive. I’m not sure why there is all the hate
"Intuitive" does not necessarily imply "true." Some of the most pernicious false ideas are ones that have an intuitive appeal (especially in an oversimple example scenario).
The Laffer curve likely falls into something like that category. If it has any truth to it, it's in conditions that don't actually exist (like an effective 90% tax rate).
- Day1 5y agoThere is nothing false about the laffer curve. What is contentious is what the optimal rate is. There is no evidence that I’m aware of that says the optimal is 1% or 99%.