I’m suggesting a thought experiment. I’m aware Art Laffer was part of the Reagan administration. I brought up the curve because it’s the most well known Maxim of economic theory besides “no such thing as a free lunch.”
Yes, I was also saying that the Laffer curve doesn't apply to socialism.
It's a concept that is valid only in a free market economy. In a socialist economy people don't choose which jobs to do or how much to work, nor do they pay taxes.
I’m suggesting a thought experiment. I’m aware Art Laffer was part of the Reagan administration. I brought up the curve because it’s the most well known Maxim of economic theory besides “no such thing as a free lunch.”
Yes, I was also saying that the Laffer curve doesn't apply to socialism.
It's a concept that is valid only in a free market economy. In a socialist economy people don't choose which jobs to do or how much to work, nor do they pay taxes.
So Lenin would dismiss it.