Birdwatch Note Rating
2024-10-21 06:10:35 UTC - HELPFUL
Rated by Participant: F21F12F0C68626162C02D74C365DE7965CCCD76792C89028D288B548F65A3B4E
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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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