Reply to post: Re: The Laughing Curve?

Pumping billions into data centres won't guarantee you an empire


Re: The Laughing Curve?

Much as I hate to agree with Tim, I'm not sure there's many serious economists (outside of some MMT guys, since they conceive of money and taxation entirely differently) who don't accept the Laffer curve; it's not really open to debate. There IS huge debate on where the data points actually fall (anything from 30%-70% is credible - Picketty headed up some research which points to the latter, for example), but the idea that the optimum tax rate for revenue is less than 100% isn't controversial.

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