@98GDXWK1yr1Y
I shall tell you nothing but to look up the Laffer Curve. Than you’ll understand.
@TheoreticalExaminer10mos10MO
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?
@9BVY4GQ12mos12MO
people have equal rights you shouldn't change them bc they have more money