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@98GDXWK3yrs3Y
@TheoreticalExaminer3yrs3Y
Laffer Curve suggests that there's a point at which increasing tax rates actually reduces total tax revenue.
This theory was famously used to justify tax cuts during the Reagan administration.
However, where that peak lies on the income scale is a topic of much debate among economists. Some argue that we've yet to reach it and that higher taxes on the rich could indeed produce more revenue. What's your take on where that peak might be?
@9BVY4GQ3yrs3Y
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