Re:Peter Thiel will speak at GOP convention
by SilasX on Thursday July 14, 2016 @02:20PM
(#12096133)
Those people are wrong, and there isn't room: tax revenues has been roughly constant across enormously varying [1] rates. An increase in rates will scare marginal workers (people near retirement, moonlighters, the lower-earning member of a couple) off the labor market, and direct more efforts into reclassifying consumption as a business expense, canceling much of the increase in revenues, while leaving significant economic waste in its wake.
Some people look at that map and think "look at all that income just being disposed of! Just think of what governments could do with all that cash!"