The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect. Arthur Laffer arithmeticbasiccurve Change image and share on social
When you look at the government, when the government collects a buck, it's not free. They have to spend resources, the IRS, audits, all this sort of crap, to collect the dollar. I'm not assuming any Laffer curve effect here at all. There are just transactions costs of collecting that money. Arthur Laffer assumeauditbuck 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
A carbon tax by itself would make driving more expensive, that's very true. But in exchange for that, there are going to be more jobs, more output, more employment, and more products available. So really, as long as you're going to collect the revenues you're going to collect, you're going to have to trade off one tax for the other. Arthur Laffer carboncollectdrive share on social
I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues. Arthur Laffer callclasscurve Change image and 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 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
Sound money is the sine qua non of a prosperous society. Arthur Laffer moneyprosperousqua Change image and share on social
And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability. Arthur Laffer backbankbond Change image and share on social