This isn't to say that charitable giving is bad. If you are financially stable and have money to spare, please donate your time or money to those that need it. It just isn't the solution to a national problem.
This isn't to say that charitable giving is bad. If you are financially stable and have money to spare, please donate your time or money to those that need it. It just isn't the solution to a national problem.
SF spends ~60k per homeless person per year (maybe more now). It’s clearly not money that is the limiting factor here.
https://nypost.com/2021/06/26/san-francisco-run-homeless-enc...
Tax more and people do less as it doesn't pay to do more labour and get less of it back.
But that revenue-optimizing tax rate, which is the subject to much debate, is probably somewhere around 65% to 70%, far higher than the tax rates in the United States. We could surely increase taxes on high income individuals without doing much harm to the economy.
The thing about the Laffer curve idea that I don't understand is the curve doesn't need to be continuous. Say we accept at a tax rate of 100% you get no marginal benefit from working so no-one will work and the tax take will go to zero, at a tax rate of 100%-epsilon you still get (small) additional marginal utility for each additional dollar earned, so it's still in your interests to work. So it's literally only at a tax rate of 100% that the Laffer concept would make the tax take go to zero.
[1] https://medium.com/junior-economist/the-laffer-curve-6bb2833...
"In practice, the Laffer Curve has not provided the dual benefits of lower taxes and higher revenue. In fact, every US tax cut since 1965 has been followed with a sharp decrease in tax revenue, while every increase in taxes has led to an increase in government tax revenue."
Yeah, that's the point of the curve. I don't think you've made a convincing argument against continuity.
And the quote seems to misunderstand the curve (I didn't read the article). The curve itself is reasonable, the main debate is where the current tax regime puts you - to the right or left of the peak. The other mistake is that many people using the curve to argue for lower taxes are not really honest debaters. They want lower taxes and use any argument available. They state that we're on the right even though ask evidence suggests the opposite.