Post
Greg Foss @FossGregfoss · Nov 3, 2022
  • From Twitter

Problem is we don’t consider the law of diminishing returns in this excellent analysis. As tax rates rise, tax revenues can actually DECLINE as more of the economy moves underground. Some would argue we are already at max tax rates before diminishing returns sets in. #btc

Recommended by 2 people
2 mentions
Share on Twitter Repost
Replies
Reply
No replies yet