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"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!

They won't leave if it costs them access to the hugely profitable domestic market that makes them rich.

What is the revenue-maximizing rate of taxation under the Laffer curve?

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. ;-)

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...

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.