chapotraphouse

13394 readers

885 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Vaush posts go in the_dunk_tank

Dunk posts in general go in the_dunk_tank, not here

Don't post low-hanging fruit here after it gets removed from the_dunk_tank

founded 3 years ago

MODERATORS

[email protected]

State’s ‘millionaires tax’ has already generated $1.8 billion this year, blowing past state projections (archive.ph)

submitted 3 months ago by [email protected] to c/[email protected]

7 comments fedilink hide all child comments

https://subium.com/profile/joshuajfriedman.com/post/3ksxi2rzkag2c

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 3 months ago* (last edited 3 months ago)

The funny thing is that it's relatively agreed-upon amongst economists that the point on the Laffer curve that maximizes tax revenue is ~70% for the highest earners. American conservatives bring it up to "prove" why raising taxes doesn't work but even under their own framework it basically says that rich people don't pay enough tax.

https://en.wikipedia.org/wiki/Laffer_curve#Empirical_analysis