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That is stupendously untrue. The Laffer Curve is a meaningless tautology crafted by a political hack. No, we cannot set tax rates at 100%. But we can set them w
by tootie 4y ago
That is stupendously untrue. The Laffer Curve is a meaningless tautology crafted by a political hack. No, we cannot set tax rates at 100%. But we can set them way higher than they are now and not cannibalize revenue. Just putting top margins in the 45-50% range would raise a ton of money and not discourage anyone from earning. Ending step up basis would not discourage billionaires from dying.