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)
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laffer curve
laffer
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
7 years, 3 months ago
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
7 years ago
the so-called 'Laffer curve', evoked by free-market advocates as a reason against excessive taxation
I first encountered this in an earlier book but I guess I didn't add it to Bookmarker. he defines it later on, and goes into what's wrong with the theory (i.e., proceeds of taxation creating conditions appropriate for business, plus taxation money itself being spent on private business)
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7 years, 4 months ago
This is the Laffer curve, which was promoted by one late 20th century president, Ronald Reagan, and ridiculed by another, George H. W. Bush, as "voodoo economics."
omg i'm pretty sure the graph here is UPSIDE DOWN
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7 years, 2 months ago