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A comment on G7: Rich nations back deal to tax multinationals. Parent comment

Re:G7: Rich nations back deal to tax multinationals by rsj_hn on Saturday June 05, 2021 @03:11PM (#27407725)
During the same period, only a handful of families paid that rate. There was an enormous amount of tax avoidance[0], with the real rate actually paid by top incomes under 50%[0]. When the official rate was lowered by JFK, tax receipts surged. This is the "real" laffer curve. Now it's not clear where the Laffer point is, but it's certainly to the left of 90%.

[0] https://www.latimes.com/business/la-fi-nocera-tax-avoidance-...

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Re:G7: Rich nations back deal to tax multinationals by cal5k on Sunday June 06, 2021 @12:34PM (#27414247)
Economics devoid of morality is a poor governing principle, in my view. Even if 90% tax rates could be economically justified as not impacting growth (obviously not true), it is morally reprehensible because it is tantamount to indentured servitude.
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