> Laffer Curve? Boom. Dead. Utter rubbish. Totally falsified. It may not be perfect, but to say utter rubbish is ridiculous. At its core, the Laffer Curve clai

> Laffer Curve? Boom. Dead. Utter rubbish. Totally falsified. It may not be perfect, but to say utter rubbish is ridiculous. At its core, the Laffer Curve claims tax revenue is elastic with respect to tax rates. In other words, the revenue derived from taxes is not always proportionate to the tax rate. The classic curve shows 0 revenue at a 0% tax rate -- obviously true since 0% times any number is 0 -- and 0 revenue at 100% tax rate -- because why would anyone work if 100% of it would be taken in taxes. Therefore, there exists a tax rate that provides the maximum amount of revenue between 0% and 100%. The exact shape of the curve is wildly debated and some claim revenue doesn't truly drop to 0 at a 100% tax rate, but those don't change the point that it is possible to lower tax rates and receive more tax revenue.