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eppur_se_muova

(39,559 posts)

1. The "Laffer Curve" was well named*. GOP abuse of it defies logic and common sense.

Reply to justaprogressive (Original post)

Wed Jun 11, 2025, 12:55 PM

Jun 11

When the USSR began allowing some private businesses, people proved they were willing to work disproportionately hard to keep just a little bit of their own productivity/wealth, showing that the Laffer Curve should really reach a maximum return on taxation on the high side of 50%, at absolute minimum.

According to The New Palgrave Dictionary of Economics, estimates of revenue-maximizing income tax rates have varied widely, with a mid-range of around 70%.[4] The shape of the Laffer curve may also differ between different global economies.[5]

https://en.wikipedia.org/wiki/Laffer_curve

* In show biz, a "laffer" refers to a comedy.

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This scheme is so mind-boggling even Republicans have stopped lying about it [View all] justaprogressive Jun 11 OP

The "Laffer Curve" was well named*. GOP abuse of it defies logic and common sense. eppur_se_muova Jun 11 #1

Even Laffer had his limits Starfury Jun 11 #3

Trump gave Laffer the Presidential Medal of Freedom. Along with Rush Limbaugh. Midnight Writer Jun 11 #2

Ah, yes, the old 'trickle down' scam. sinkingfeeling Jun 11 #4

Trickle down has accelerated into golden showers. usonian Jun 11 #5

Always said "trickle down" was really "piss on" economics. lastlib Jun 11 #8

The theory has been soundly disproven. usonian Jun 11 #11

The trickle down theory UpInArms Jun 11 #6

Even George HW Bush called it "voodoo economics" when he was vying for Reagan to be the nominee. OMGWTF Jun 11 #7

Long game Iamscrewed Jun 11 #9

Message auto-removed Name removed Jun 11 #10

I just thinking about this yesterday Picaro Jun 11 #12