Will they ever get it? You can not tax your way to prosperity. Once again, politicians have a slippery definition of “investment.” Dr. Laffer laughs last. Granholm’s Tax Warning – WSJ.com: “Officials in Lansing reported this month that the state…
Tag Archive for taxes
You Can’t Soak the Rich or Laffer Revisited
by admin • • 1 Comment
I’m a longtime believer in the truth of the Laffer Curve. Here’s an updated angle on it. You Can’t Soak the Rich – WSJ.com: “What happens if we instead raise tax rates? Economists of all persuasions accept that a tax…
Cretin or Crook?: Obama on capital gains taxes
by admin • • 1 Comment
This guy is really an over-achiever, he’s made this list several times already! Does Sen. Obama not understand Gibson’s question (cretin) or does he just ignore the facts for his own political gain and socialist agenda (crook)? Somewhere, at the…
Arthur Laffer on the ‘Stimulus’ Package
by admin • • Comments Off
Dr. Laffer on the so-called stimulus package and rebates. That ‘Stimulus’ Nonsense – WSJ.com: “The proposed rebate of about $600 per man, woman and child is transferred to people based upon some characteristic other than work effort. In fact, if…
Tax competiton between states is good
by admin • • Comments Off
This is another reason why increased state sovereignty is better. States are forced to compete against each other for residents via lower taxes, less onerous regulations and business environments, quality of life, etc. It’s also good to see an update…
Bush: The Biggest Taxer in World History
by admin • • Comments Off
It’s never enough for the socialists and statists. George Bush – The Biggest Taxer in World History: “The Treasury Department reported Friday that federal revenues reached $2.12 trillion ($2,120,000,000,0000) for the first ten months of fiscal year 2007. In both…
The Laffer Curve in Iceland
by admin • • Comments Off
Iceland’s Laffer Curve – WSJ.com: “The rags-to-riches story of how Iceland’s 300,000 citizens became some of the world’s wealthiest people is a testament to capitalism’s animal spirits. Only after it opened up the economy, privatized state companies and slashed marginal…
Tastes Great, More Filling – The Laffer Curve In Action
by admin • • Comments Off
Remember that old “crackpot” Arthur Laffer? Turns out, he was right again! When tax rates go down (unless they are already rediculously low, but take note, that hasn’t been the case in MANY years) tax revenues go up. More on…
Tax Cuts, Tax Revenues, and the Laffer Curve …
by admin • • 3 Comments
Some time ago Arthur Laffer proposed his famous Laffer Curve. In short, he noted that there was a relationship between tax rates and the total revenue generated. Okay, so far no rocket science. But here’s the twist that may not…