• lmmarsano
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    20 hours ago

    See i.e. the Laffer curve.

    That’s a bit reductive, too. I recall economists arguing the Laffer curve is valid & the US is on the low tax-rate side of the optimal tax rate, and that was decades ago. They’ll show the deadweight loss of taxes & also point out its regulatory uses to correct market failures.

    It’s also not a recent development. The field is broad and includes leftists & Marxists applying the same methods to study different problems.