[kiba]

Higher taxes might actually lead to lower tax revenues or a tax revolt. There's no such thing as a free lunch.

[philwelch]

We're not so far down the Laffer curve that raising taxes would lower revenues, and it's unlikely we will be anytime soon.

[jacobolus]

Moreover, the Laffer curve is mostly an absurdity.

Martin Gardner’s improved depiction: http://books.google.com/books?id=oXEaTdstD7gC&pg=PA133&#...

[bd_at_rivenhill]

On the other hand, technology has significantly reduced the cost of tax avoidance for high net worth individuals compared to what it was during the Clinton era.