Birdwatch Note Rating
2024-10-21 20:54:40 UTC - HELPFUL
Rated by Participant: C8EB4CAAE128FBF1A3198E6C58C9272E73E7559EE37FB71463A695AB0B4E379B
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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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