I’ve explained the Laffer Curve to my most liberal friends, and asked them what they thought was a “Fair” and “Tax Revenue Maximizing” total tax rate for the country.
The more liberal they are, the lower a rate they suggest.
My most liberal friends think 10% total for Federal, State and Local is about right for the total tax take.
Considering it’s somewhere around 40% today, they’re shocked. They had no idea.
So, then I suggest that in the interests of providing more revenue to the Treasury for their Good Government programs, we should lower Tax Rates, their heads explode.
They cannot reconcile Lower Tax Rates = Higher Revenue to the Treasury. Ever.
Liberals always want a lower tax for themselves and a higher tax for everyone else.