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 “Laffer curve” is not a new concept, but it is much cited today. The key point is that globalisation and technological change have together shifted the curve downward, so that for any tax rate the government collects less revenue.
notable
6 years, 4 months ago