WebLaffer ridiculed the idea. Instead, he argued that the “real” cause of stagflation was that the United States had been overtaxing work while over-subsidizing unemployment, decreasing the number... WebDec 3, 2014 · The former president claims his “first job” in the White House was to “get rid” of “trickle-down economics,” as critics like to call the economic policy associated with Reagan and with economist Arthur Laffer. Generations since Reagan have come, mostly uncritically, to accept the term and its association with Laffer.
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WebJun 13, 2024 · The Laffer curve has done immense damage to the US economy in the 40 years since its inception. It also ignores a fundamental reality: tax cuts for the rich don’t work. Each and every time state ... WebThe Laffer Curve is based on logic and empiric experience. It is an attempt to estimate government tax takes from various tax regimes. Logically, it is obvious that the tax take will be zero if tax rates are zero, whereas if tax rates are 100%, people will not bother to work for (declared) wages. In the graph above, the blue line represents the ... how do texas public schools rank nationally
Why are we still pretending
WebDec 17, 2024 · Art Laffer’s prescription of reductions in marginal income tax rates to promote economic growth was derided as “trickle-down” tax cuts. Today the “trickle down” sound bite is routinely used by congressional advocates of big government in both political parties to mock attempts to enact tax-cut and deregulatory legislation. WebDemocrats just have Trump Derangement Syndrome and don't even know why they hate him. lying, self-centered, braggadocios, women hating, racist, full of self-love, no loyalty to anyone but himself, selfish, greedy, a grotesque need for power and control over others, delusional about how much people love him, thin skinned, vengeful, draft dodger ... how do tetracycline antibiotics work