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A comment on The Indian government is set to endorse Universal Basic Income. Parent comment

Re:The Indian government is set to endorse Universal Basic I... by ythn on Wednesday January 04, 2017 @10:50AM (#13319210)
You gotta be careful of the Laffer Curve[0] though. Tap into the rich too much and they'll leave. Make it illegal to leave... well, your country is going downhill fast.

[0] https://en.wikipedia.org/wiki/Laffer_curve

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Re:The Indian government is set to endorse Universal Basic I... by lawless123 on Wednesday January 04, 2017 @11:45AM (#13319762)
"You gotta be careful of the Laffer Curve[0] though. Tap into the rich too much and they'll leave."

We should tap into it on a global scale. We'll have Moon colonies in no time!

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Re:The Indian government is set to endorse Universal Basic I... by gertef on Wednesday January 04, 2017 @02:54PM (#13321480)
They won't leave if it costs them access to the hugely profitable domestic market that makes them rich.
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Re:The Indian government is set to endorse Universal Basic I... by panglott on Wednesday January 04, 2017 @11:29AM (#13319611)
What is the revenue-maximizing rate of taxation under the Laffer curve?
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Re:The Indian government is set to endorse Universal Basic I... by IslaDeEncanta on Wednesday January 04, 2017 @10:51PM (#13324569)
About 70% of income, according to estimates. It varies for other taxes (capital, consumption, etc.).

Source article: http://www.sciencedirect.com/science/article/pii/S0304393211...

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Re:The Indian government is set to endorse Universal Basic I... by gertef on Wednesday January 04, 2017 @02:55PM (#13321495)
The exact value is near impossible to pinpoint, but you can find it by gradient methods. One thing for certain is that it's lower than the rate I currently pay. ;-)
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Re:The Indian government is set to endorse Universal Basic I... by thesimpsons1022 on Wednesday January 04, 2017 @11:55AM (#13319854)
the laffer curve and supply side economics is junk/propoganda masquerading as economics. It's about as real as the scientific studies exxon releases against global warming.
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