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therealDrA t1_j4vxfq7 wrote

Reply to comment by degggendorf in State of the State address by FlashbackBob

The Laffer curve was debunked 40 years ago. Laffer was a hack economist that was part of the Reagan trickle down squad.

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Proof-Variation7005 t1_j4xsw7s wrote

For other taxes, sure. It’s bullshit. For sales tax, there’s definitely truth to it. There’s a point where the rate gets high enough where revenue will start to drop as consumer habits evolve. This is especially true when 99% could easily go to one of two other states to make purchases.

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therealDrA t1_j4xyoq8 wrote

But for the current example I don't think the laffer curve is in play.

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