Spoems - The Laffer Curve, Part I: Understanding the Theory

The Laffer Curve, Part I: Understanding the Theory

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The Laffer Curve charts a relationship between tax rates and tax revenue. While the theory behind the Laffer Curve is widely accepted, the concept has become very controversial because politicians on both sides of the debate exaggerate. This video shows the middle ground between those who claim "all tax cuts pay for themselves" and those who claim tax policy has no impact on economic performance. This video, focusing on the theory of the Laffer Curve, is Part I of a three-part series. Part II reviews evidence of Laffer-Curve responses. Part III discusses how the revenue-estimating process in Washington can be improved. For more information please visit the Center for Freedom and Prosperity's web site: www.freedomandprosperity.org

Channel: News & Politics
Uploaded: January 28, 2008 at 10:11 am
Author: afq2007

Length: 0:07:39
Rating: 4.55
Views: 32,184

Tags: laffer curve mitchell quinlan taxes tax competition oecd harmonization reagan carter nixon

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Video Comments:
tch2fish2 (Sunday 23rd of November 2008 12:19:42 PM)
Obviously the dem's and the voters didn't git it. Raising taxes - above our current oppressive rates - will reduce economic well being. Since the top 10 percent of the people already pay 50 percent of the taxes, do the dem's really think they are going to want to work harder to support obama's giveaways. His economic understanding is apparent when he invites the governor of Michigan - she trashed that state - to be on his economic council.
bigbohn001 (Saturday 1st of November 2008 12:41:21 PM)
Laffer is the light. This has always worked, will always work, and is the correct way. 2+2=4. Makes sense, right? You're an imbecile for thinking this is a crock.
adampeart1 (Wednesday 29th of October 2008 02:09:02 PM)
Laffer's good for laughs. What an imbecile.
dabigkid (Thursday 25th of September 2008 03:24:43 PM)
Keynes was a genius. Even Milton Friedman has admitted that he was probably one of the most brilliant minds in economics... and note that Friedman was a critic of Keynes (his Nobel Prize winning work on the permanent income hypothesis is, at its core, a critique of one aspect of Keynesian economics).
dabigkid (Thursday 25th of September 2008 03:26:33 PM)
I should add that I'm not saying that Keynes was usually right or that you should agree with Keynes on most things... but he was still a genius.
goose1077 (Wednesday 29th of October 2008 08:21:24 PM)
Hey layed a foundation of hypothesis to be tested and proved wrong. That was a good contribution.
20000miles (Monday 4th of August 2008 06:00:34 AM)
I am fully aware of the institutions that exist only to transfer wealth from the poor to the rich. I also beleive we should abolish the FED, the income tax and limited liability corporations. The USA represents the worst of crony capitalism and socialism. I am not naive, sir.
garyowen4ever (Monday 4th of August 2008 10:31:42 AM)
WHO'S WE?????? if you are an AUSSIE, YOU HAVE IT DAMN GOOD, AND SINCE YOU HAVE NO VOTE ON USA AFFAIRS,,,,,FUCK OFF,,,,,FUCK YOU., SHOOTING OFF YOUR NAIEVE IGNORANT MOUTH MAKES YOU LOOK LIKE A ZIT FACE SNOT NOSE GAMEBOY MORON.
20000miles (Monday 4th of August 2008 02:56:38 PM)
Congratulations that was almost a complete sentence...keep trying and you'll get there one day. Go ahead and cast your pathetic vote my friend...keep on punching a hole in a piece of paper, falsely thinking that YOU have a say in USA affairs. You're the one shooting your mouth off. Turn the Caps Lock key off, 'mate'.
goose1077 (Wednesday 29th of October 2008 08:24:16 PM)
We should eliminate limited liability so shareholders can be sued? Who would buy stock?