Birdwatch Note Rating
2024-10-21 16:43:20 UTC - HELPFUL
Rated by Participant: BBB54772D62F9168DF7FA6DC5EE709A7163CF9FA52202A4001EB691D74C798A2
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Original Note:
The Laffer Curve has been consistently debunked The original assumes everyone is equally selfish. Even then, the curve only goes down when tax is over 50% It argues that cutting tax below 50% only decreases revenue GDP growth was the highest ever seen during 70-94% rates https://vanderbei.princeton.edu/LafferCurve/LafferLaughable.html https://ctmirror.org/2018/01/18/why-the-laffer-curve-is-garbage
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