The pervasiveness of the sentiment that we're “taxed enough already” - and a new political environment that firmly believes that too much regulation and taxation stymies production and growth - suggest that Laffer's concern is valid. Some among us might even believe that the Laffer curve peaks at zero; which is to say that any percentage tax rate - even 1% - at least somewhat deters a person from engaging in taxed behaviors.
Out of the debate between FairTax and Negative Income Tax proponents, and basic income advocates, has come the suggestion of a “Geo-Painean-Friedmanite Caucus” in the party; one which unites the ideas of Henry George and Thomas Paine, with those of Milton Friedman.
Edited and Expanded on January 25th and February 18th, 2017
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