The Laffer curve is fundamentally flawed, still that in itself, does not prove that prohibitive tax rates are good for the economy. I think he was correct in saying that a 100% tax yields 0 revenue. It was actually tried by Stalin in the Ukraine in 1932 and eventually resulted in millions of deaths and no revenue.
Of course, Laffer does not account for slavery. That would still not be 100% taxation because you would have to somehow keep them alive with food and shelter. Nor is it a desirable outcome for a society.
Last edited by Flamenspiel; 12-22-2020 at 12:47 PM.
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