As my former colleague Milton Friedman used to say, ‘Government spending is taxation, pure and simple.’ Governments, when they spend the money, not o… - Arthur Laffer

Governments are raising taxes for austerity and that doesn’t work. Poor people cannot spend themselves into wealth and governments cannot tax their economies into prosperity. If you tax people who work, and pay people who don’t work, don’t be surprised if you find a lot of people not working…

I have never heard of an economy being taxed into prosperity.

The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high.