1 min readJul 14, 2020
Despite France’s issue, this entire post including the arguably demonstrably false Laffer curve is simply rehashed supply side voodoo economics
The solution is to:
- return to solid progressive taxation with higher percentage on marginal top end like we had before Reagan
- clean up tax code loopholes
- Scale the progressive tax tables to inflation so we avoid bracket creep when inflation in increases.
- Finally crack down on the financial sector with a new Glass-Steagall for the 21st century
It is NOT a coincidence that with the flattening of the tax tables combined with financial deregulation has led to higher income inequality, smaller pie for the middle class, and speculative bubbles
It is NOT a coin