Birdwatch Note Rating
2025-03-15 15:23:50 UTC - HELPFUL
Rated by Participant: 5CEF657E35841D99087E7180D71CAAE7F25605A624CD1D940C3DF694BECBA3A5
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Original Note:
This claim completely ignores the Laffer curve. As taxes increase, taxpayers take evasive action and the overall amount raised by taxes often decreases. This has already played pin the UK with thousands of higher rate taxpayers left the jurisdiction since the Labour budget. https://en.wikipedia.org/wiki/Laffer_curve
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