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> We've just about maxed out domestic tax. We really haven't. The effective tax rate on the wealthiest Americans has dropped from nearly 60% to about 20% since
by ceejayoz 1y ago
> We've just about maxed out domestic tax.
We really haven't. The effective tax rate on the wealthiest Americans has dropped from nearly 60% to about 20% since the 1960s. https://www.washingtonpost.com/business/2019/10/08/first-time-history-us-billionaires-paid-lower-tax-rate-than-working-class-last-year/ https://www.washingtonpost.com/business/2019/10/08/first-tim...
> Already we're probably past the peak of the laffer curve.
The Laffer curve is a wildly simplistic concept that's widely disputed, and every practical test of it (example: https://en.wikipedia.org/wiki/Kansas_experiment https://en.wikipedia.org/wiki/Kansas_experiment) has demonstrated that it fails. It's the right's equivalent of "let's try Communism again!"