re: #258 Blind Frog Belly White

The hilarious thing is that we know that with a top tax rate of 90%, or even 70%, the economy grew from WWII until the 1960s. I know there’s plenty of other factors involved, but high tax rates didn’t stop the economy from growing.

But a lack of revenues did cause massive debt to accumulate, from the 1980s onwards precisely because cutting revenue didn’t increase economic activities.