And, the revenue will fall in spite of higher tax RATES which does not equate to more tax REVENUE... kind of like “beatings will continue until morale improves”
Yes, higher tax rate != more revenue. More economic activity does increase tax revenue. Simple, but confiscatory demotards never read Gibbon’s Decline and Fall of the Roman Empire and don’t realize or refuse to acknowledge that failing civilizations always increase the tax burden till economic activity lessens. Thereby, inviting further tax increases and further reduced revenues — death spiral.