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It's not Republican, it's not Democrat. Honestly, it's not liberal, it's not conservative ... It's economics … If you tax people who work and you pay… - Arthur Laffer
" "It's not Republican, it's not Democrat. Honestly, it's not liberal, it's not conservative ... It's economics … If you tax people who work and you pay people who don't work, don't be surprised when you get a lot of people not working.
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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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In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
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Nations with the greatest stimulus spending had the deepest recessions — while those with the least stimulus spending performed the best. The bigger the spending stimulus, the slower the recovery. I also showed historically that spending has never been associated with faster growth of the US economy.
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