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The Laffer Curve shows the relationship between tax rates and total tax revenue. The Laffer Curve states that total tax revenue is most likely not maximum when tax rates are at 100%, as this disincentives workers from earning wages.
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Let me tell you why it’s so much more interesting to look at other income stream vehicles. But first a disclaimer: I own a decent amount of Real Estate. I use it for income, for appreciation, for diversification. It’s important as part of your portfolio, BUT I think rental income properties are highly overrated these days at the scale most of us can afford to do it. I’m not continuing to allocate unless I get a massive massive discount, for a couple of reasons.
- Hip Camp
- Airbnb
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I can't think of many better stocks to buy on the dip than Fastly (NYSE:FSLY). After skyrocketing more than 800% in early July from its low in March, the tech stock has pulled back more than 20%. But the opportunities for Fastly remain unchanged.