[ythn]

You gotta be careful of the Laffer Curve[0] though. Tap into the rich too much and they'll leave. Make it illegal to leave... well, your country is going downhill fast.

[0] https://en.wikipedia.org/wiki/Laffer_curve

[lawless123]

"You gotta be careful of the Laffer Curve[0] though. Tap into the rich too much and they'll leave."

We should tap into it on a global scale. We'll have Moon colonies in no time!

[gertef]

They won't leave if it costs them access to the hugely profitable domestic market that makes them rich.

[panglott]

What is the revenue-maximizing rate of taxation under the Laffer curve?

[IslaDeEncanta]

About 70% of income, according to estimates. It varies for other taxes (capital, consumption, etc.).

Source article: http://www.sciencedirect.com/science/article/pii/S0304393211...

[gertef]

The exact value is near impossible to pinpoint, but you can find it by gradient methods. One thing for certain is that it's lower than the rate I currently pay. ;-)

[thesimpsons1022]

the laffer curve and supply side economics is junk/propoganda masquerading as economics. It's about as real as the scientific studies exxon releases against global warming.