The linkage between tax rates and public services is, if not non-existent, negative. Arthur Laffer existentlinkagenegative Change image and share on social
I'm worried about economic growth in the United States. And the creation of jobs, output, and employment. And if you tax people who work, you're going to get less people working. And what the carbon tax would do is remove the tax from people who work and put it on a product in the ground. Arthur Laffer carboncreationeconomic share on social
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. Arthur Laffer changecompositiongovernment Change image and share on social
What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble. Arthur Laffer badbailchristmas share on social
And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting. Arthur Laffer accountbackdollar Change image and share on social
In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011. Arthur Laffer carrycomecurrent share on social
My godfather was a man named Justin Dart. Some of you may remember Justin Dart. My younger son's name is Justin, named after Justin Dart. I was executor of his estate, and he was my godfather. I first really got time to spend with Ronald Reagan with Justin Dart personally, one-on-one. Arthur Laffer dartestateexecutor share on social
The income effects in an economy always sum to zero. Arthur Laffer economyeffectincome Change image and share on social
Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems. Arthur Laffer createexcessinflation Change image and share on social
Obama is a fine, very impressive person. He really is. Unfortunately, everything that he is doing in economics is exactly wrong. He is a crappy president. Arthur Laffer crappyeconomicsfine Change image and share on social