Laffer Curve

February 4, 2008

http://www.youtube.com/watch?v=fIqyCpCPrvU

I won’t debate the merits of the Laffer curve with you until you’ve watched this video

Key points:

  • The Laffer curve does not say that ALL tax cuts generate more tax, like most ant-Lafferites suggest.
  • Not all tax cuts are created equal.
  • The goal shouldn’t be to maximize tax revenue.
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