...without some provable or even rationally arguable basis for deciding where the peak is....I suggest, also, that the peak would shift as the economy evolves. The peak likely would have been in a different location in the far more agrarian economy of the early 20th century when the 16th Amendment was passed than it would be today in our far more urbanized economy (and, yes, that's also along a different dimension, too).Eric Hines
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