What if your model takes into account the fact that if income taxes are high enough, startups stop happening? These economists tried it, and found the optimal tax rate is 29%. https://www8.gsb.columbia.edu/faculty-research/sites/faculty-research/files/finance/Macro%20Workshop/toptax.pdf …
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Perhaps this is the real problem, the US has financed the global security umbrella for longer than it should have. In the post Cold War era other developed countries could have & should have done more. Especially considering the US’ post WWII reconstruction efforts.
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Lower defense spending could have allowed for greater capacity for spending in other areas such as healthcare, etc.
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