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The Laffer Curve, Part I: Understanding the Theory

2008 Superbowl commercials
2008 Superbowl commercials 2008 Superbowl commercials
2008 Superbowl commercials

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: November 30, 1999 at 12:00 am
Author: afq2007

Length: 07:39
Rating: 4.55
Views: 32211

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

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Video Comments

tch2fish2 (November 30, 1999 at 12:00 am)
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 (November 30, 1999 at 12:00 am)
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.
goose1077 (November 30, 1999 at 12:00 am)
We should eliminate limited liability so shareholders can be sued? Who would buy stock?
goose1077 (November 30, 1999 at 12:00 am)
Hey layed a foundation of hypothesis to be tested and proved wrong. That was a good contribution.
adampeart1 (November 30, 1999 at 12:00 am)
Laffer's good for laughs. What an imbecile.
dabigkid (November 30, 1999 at 12:00 am)
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.
dabigkid (November 30, 1999 at 12:00 am)
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).
20000miles (November 30, 1999 at 12:00 am)
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'.
garyowen4ever (November 30, 1999 at 12:00 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 (November 30, 1999 at 12:00 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.

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