Laffer Curve

Illustration for a debate elsewhere. Note that this graphic is drawn to arbitrary scale, and the only point of this is to demonstrate where I think the concept of productivity loss fits in a discussion of tax rates vs. tax revenue.

I also think the graph would be superior if it were elongated horizontally, as that would make it clearer. But I drew it in Paint as a back-of-the-napkin type sketch. No more.