Democratic Senator Ron Wyden has a plan to make the ultrarich pay.

These are the stupid ideas the Democrats come up with. There are three billionaires in Oregon. Three. If this passes I suspect they will just move.

At the federal level, this would be unconstitutional.

  • Neuromancer@lemm.eeOPM
    02·
    7 months ago

    The article is misstating the Laffer curve but considering it is coming for a left site I am not surprised. The Laffer curve isn’t as simple as cut taxes and revenue will increase.

    It is about finding the right place for taxes to increase the revenue.

    https://www.investopedia.com/terms/l/laffercurve.asp

    Maybe instead of citing a lefty site, you should actually read what it is.

    It suggests that taxes could be too low or too high to produce maximum revenue and both a 0% income tax rate and a 100% income tax rate generate $0 in receipts.

    It’s why it’s a curve and not a line.