nah, just stick to the AI-Bro and Crypto-Bro

you’re not very economically literate, are you? overtime pay is not taxed at the marginal tax rate, that’s not what that is.

the marginal tax rate is the maximum rate your income will end up at, that does not however mean that all your income is taxed at the rate.

as a very simplified example, assume you have the tax brackets

• $0-$1000 is 10%
• $1001-$2000 is 20%
• $2001-$3000 is 30% etc…

and you earn $2500, the taxes you will pay are $1000 at 10% -> $100 the next $1000 at 20% -> $200 and the last $500 will be taxed at 30% -> $150

meaning, in this example, you are paying $450 at a marginal tax rate of 30% on $2500. now overtime can bump you up, for example, imagine you work a LOT over those 40h and earn $3200, now you’re in the next tax bracket due to your earnings.

also, the whole point is to deny all income above a certain level, or do you really think your boss deserves 3000 times your pay? because he certainly isn’t working 3000 times harder than you are.

However, I don’t think that the theory has been debunked in the way you are describing

sure, you have listed a few papers, and having skimmed some of them I’m a bit iffy to their relevance mainly as to what numbers they take as indicators what of and at least one had an issue where one of the more prominent indicators they picked is heavily influenced by other outside activity more so than the taxes.

but here’s the thing, if it was just wrong all the time, it would have predictive power, the fact that it sometimes seems to be correct, and other times it being counter to predictions or being mostly non changing means that it’s not a useful model, and a useless model is trash, and honestly I’m highly skeptical of supply side economics, it has produced relatively little in terms of economic stability, nor sustainability.

personally, I’m more inclined towards Post-Keynesian demand side economics, and unlike supply side economics, they have actually made predictive models that actually have predictive power

ok, so scientifically speaking “proof” is a mathematical concept only, physics doesn’t prove shit, chemistry doesn’t prove shit, no other science proves shit.

But economics, like every other science out there makes models, these models when applied to certain circumstances make predictions, we test these models by testing the predictions they make.

The more accurate the prediction the better and more relevant the model, the issue that economics has is that many people instead of looking at the actual science, take the fictional work and claim it reality, mainly because they believe some propaganda commissioned by really wealthy people, to keep their wealth. the Laffer curve is one such example because it allows rich people to invest into lower taxes and increased privatization.

The Laffer curve isn’t bad because Regan used it, it’s bad because it has a track record of not having any predictive capability.

Also, there exist mechanisms by what we punish tax evasion, taking the likelihood of tax evasion into account for the purpose of setting tax rates is self-defeating, in the assumption that any persons want the maximum amount of money for themselves would always try to evade taxes, no mater what the tax rate is.

no, it is propaganda. I mean, “Taxing at 100% also brings no tax revenue” is already a stupid statement, and is Tautologically contradictory, even more so in a progressive tax system (please look up what the even means, statistically believing in the Laffer curve also comes with a ton of other misconceptions about financial policy)

also some history to the Laffer curve, it is an unproven theory that basically always get trotted out by the wealthy to argue for lowering taxes, tho it ironically has been shown to have no predictive power whatsoever.

go read rand, her books literally advocate for an anti-social world order, where the rich and powerful have the ability to do whatever they want without impediment as the “workers” are described as parasites that should get in line or die

you will sit down and be quiet, all you parasites stifling innovation, the market will solve this, because it is the most rational thing in existence, like trains, oh god how I love trains, I want to be f***ed by trains.

~~Rand

ya, but as an LLC you get a lot of rights that you didn’t have before!

actually, even tho rice is mostly self pollinating, it is also a wind pollinator

like any true Liber-crypto-bro-tarian, your understanding of crypto is only undercut by your understanding of economics

again, what use does it serve over traditional banking?

even PoS requires a lot of resources in comparison, for a system that literally exists to funnel money to a smaller group of people

Crypto is worse tho, it requires about the same amount of energy as the entire global banking network, but only serves less than a percentage of the transactions

why? what mechanism forces them to lower prices? the same that keep corporate profits at record highs year after year? we recently saw just how silly the idea of competition making anything cheaper is when every, even tho, there was no reason for doing so, started upping the prices of groceries, because they could.

why would you think that any of this effects prices?

do I have to go into the levels of fucked your comment still leave the US at? most of the first world has not just stopped school corporal punishment, no it’s just straight up illegal to beat your child as punishment.

If a parent here gave consent to corporal punishment, with a paddle no less, they would soon see their child in foster care and themselves in front of a judge.

ya, nothing was learned in the “Tuskegee Syphilis Study”(see racist torture), Vaccines also didn’t one about because we just started injecting people with random shit, and we knew of Anesthesia for a long time, it just wasn’t seen as something you use in medicine in more recent history because of religious superstitions in medicine.

again, Myths, just like the idea that we learned anything from Mengele’s horrors

it’s not really that fascinating, of course the cheap and easy answer is a derivative of “beat it until it behaves”, a large part of the states still have the paddles in school

no, not really, that’s just a commonly believed myth

oh, ABA, you mean the “therapy” that for some reason causes a suicide rate of over 70%?

tho an “ABA tech” is cheaper than an actual medical professional since they just need a few weeks of training instead of several years

not the silicone valley “keep breaking stuff until it works”