We can have high growth with high taxes like they did in the mid 20th century, if we're as good at tax avoidance as they were then.pic.twitter.com/KkAqbOmrU8
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Maybe that is true. Additionally, the decline of top rates also gives less incentive to avoid today. But still open how much this
matters as compared to the distributional change (in the link above). And then it is still a huge step to a link with growth overall.
Well, a large part of this is just that there were more perfectly legitimate tax deductions available back then.
People were better at tax avoidance partly because there were legal ways to reduce the tax burden that no longer exist.
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