Now here is an observation that makes sense. The Laffer curve with Hauser’s law. Very cool.
It’s fascinating that something as large and apparently complex as the U.S. economy nevertheless has an inherent regulation, almost like homeostasis, that is basically impervious to government meddling.
I wonder if research would show that the percentage of wealthy, middle class and poor stays about the same no matter how large GDP is and then, separately, no matter what tax rates are.