Any mention of the Laffer curve should be taken with a grain of salt... Historically it's always used to push a viewpoint that somehow society would be better if only we didn't tax the people who can most afford to be taxed.
The other problem is what austerity politics brings. Austerity brings fascism and strongman governments.
https://doctorow.medium.com/https-pluralistic-net-2026-04-13...