Government doesn’t create resources. Government redistribut… - Arthur Laffer

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Government doesn’t create resources. Government redistributes resources. For everyone the government bails out, there is someone they put into trouble dollar for dollar. You can’t bail someone out of trouble without putting someone else into trouble.

Arthur Laffer

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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 • Laffer Associates • Arthur B. Laffer

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You can never bail someone out of trouble without putting someone else into trouble.

Originators like Arthur Laffer:

Henry Hazlitt Milton Friedman Robert Kuttner David Cay Johnston Peter Schiff

Additional quotes by Arthur Laffer

The states that have large in-migrations of Hispanics are Florida, Texas and California. And Florida and Texas are way above average in educational achievement, while California’s the lowest, just about.

People don’t work to pay taxes, they work to consume.

The Laffer Curve, by the way, was not invented by me.

Government doesn’t create resources. Government redistributes resources. For everyone the government bails out, there is someone they put into troubl… - Arthur Laffer

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