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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Also philanthropy has been a very static 2% of GDP in the US over the last several decades. It can, on the margin, test new ideas that the democratic system is too short-term to pursue. But it can’t fund basic societal infrastructure.https://www.philanthropy.com/article/The-Stubborn-2-Giving-Rate/154691 …
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This is a pretty high level Twitter thread. I don't think anyone is making that mistake here.
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Marginal tax rates might not be total tax rates but they're still a disincentive.
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