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Everyone except the people uncritically repeating this political talking point agrees that a 90% marginal rate is very far on the right side of the Laffner curv
by pc86 7mo ago
Everyone except the people uncritically repeating this political talking point agrees that a 90% marginal rate is very far on the right side of the Laffner curve.
- LarsAlereon 7mo agoThe point of a 90% marginal rate isn't to increase tax revenue, it's to discourage high incomes that are economically and socially harmful. If you don't believe that's a problem then policies to address it won't seem logical.
- pc86 7mo agoIs someone earning $1.1M more economically or socially harmful than someone earning $980,000? Even if it is, and even if your point is true, that's not what the GP said. They said taxing rich people a higher percentage than poor people is "more efficient" (whatever that means in this context) and a "[more] fair system," and immediately followed it up with the 90% anachronism.