Given this possibility of simple exit from any and all of the European tax systems (and such exit does not require that one stays in the EU either) the theoretical peak of the Laffer Curve is lower in Europe than it is in the US. Where such exit is very much more difficult.

FORBES: Why France's 75% Income Tax Rate Is Going To Be So Disastrous

Through this ability to exit we then get competition between tax systems and this was the point of it all along.

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Letting charter schools exit the pension system leaves a smaller pool of public school systems to cover existing funding gaps.

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