LOL, two posts in to nail it! We must be slipping, it didn’t get posted on the first post!
See, this is one of those things that Leftists REFUSE to accept,
They cannot understand, no matter how many times it is explained, and no matter how many times it is actually demonstrated with real life examples, that increasing taxes can drive down tax revenues.
They look at it in the same disbelieving light that they look at the fact that increasing gun ownership results in less crime.
It is the same way with “The Invisible Hand” of a free economy and the way goods and services are efficiently delivered, and prices set. They don’t understand how millions of people voting with their hard earned money is more efficient than a room with 10 ‘smart’ leftists who make all those decisions. They don’t understand it or trust it, so they reject it, even as the concept fills their coffers and gas tanks.
Inside their little pea-brains, they cannot reconcile these things, so they reject them.
That is the corollary. The main theory is decreasing taxes drives up tax revenues...
You summed it up nicely!
I remember Obama saying he believed in the ‘Invisible Hand’ guided by government.
And some people don’t think he was a socialist. Harrumph!
People on both sides are afflicted with that ailment.