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Whoever heard of a poor man spending himself into wealth? It’s dumb. But we try stimulus spending all of the time. - Arthur Laffer
" "Whoever heard of a poor man spending himself into wealth? It’s dumb. But we try stimulus spending all of the time.
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About Arthur Laffer
Arthur Betz Laffer (born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund.
Also Known As
Native Name:
Arthur Betz Laffer
Alternative Names:
Laffer
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Laffer Associates
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Arthur B. Laffer
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Additional quotes by Arthur Laffer
People do not work, consume, or invest to pay taxes. They work and invest to earn after-tax income, and they consume to get the best buys after tax. Therefore, people are not concerned per se with taxes, but with after-tax results. Taxes and after-tax results are very similar, but have crucial differences.
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