People can also change the timing of when they earn and receive their income in response to government policies. Arthur Laffer changeearngovernment Change image and share on social
Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs. Arthur Laffer benefitcreatecut share on social
It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011. Arthur Laffer amazecollapsecut Change image and share on social
Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today? Arthur Laffer benefiteconomyfarm share on social
Raising taxes is not a frivolous venture that you do on the editorial page of 'The New Republic,' for god sakes. It's something that you really have to think about and go through carefully. Arthur Laffer carefullyeditorialfrivolous Change image and share on social
When you look at the world, everyone in the world who cares about his or her family wants to have a major portion of their assets in the United States because we are the growth country and the freedom loving country. Arthur Laffer assetcarecountry share on social
The Laffer Curve, by the way, was not invented by me. Arthur Laffer curveinventlaffer Change image and share on social