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this post was submitted on 03 Mar 2025
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politics
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Are you kidding me? You actually think trickle down works?
Now I get why you're such a fan of ineffective Democratic shit, you're in the .00001% of "Republican-lite" voters in the country they're looking to please at the cost of the rest of the electorate.
The laffer curve absolutely does have to do with trickle down. It's the pseudoscience backing for lowering the top tax rates. It starts off with the lie that that'll actually result in an increase of revenue, even when that's laughably untrue -- which is evidenced by the fact that the government has never been as broke as when it has continued to pursue this disastrous form of tax policy.
The thing about the Laffer curve is that...yes obviously you cannot tax 100% of everyone's paycheck and expect that the economy will grow, and yes obviously taxing everyone 0% will result in 0 revenue...these obvious things are obvious. But the rates in between have fairly straightforwardly predictable effects on revenue, and even adding a tax bracket where you take 100% of the income above a certain level is not one of the ends of the laffer curve, because the effective tax rate for those earners is still not 100%...because tax brackets exist.
https://en.wikipedia.org/wiki/Laffer_curve