I remember the magic that was 1GB (and "infinite" because it kept slowly growing) email storage back when Hotmail gave you maybe 5MB. Crazy to think it was over 20 years ago.
Any mention of the Laffer curve should be taken with a grain of salt... Historically it's always used to push a viewpoint that somehow society would be better if only we didn't tax the people who can most afford to be taxed.