Laffer curve
(en)
a theory developed by supply-side economist Arthur Laffer to show the relationship between tax rates and the amount of tax revenue collected by governments (a typically conservative theory that believes that too much taxation will depress business investment)
the premise that growth of the ‘economy’, and with it of state revenue, can be obtained only by tax concessions big enough to attract investment: more taxes through lower taxes – the Laffer illusion as the last hope of economic policy
notable
9 years, 1 month ago