Explaining the Laffer Curve I A Level and IB Economics
The Laffer Curve concept infers that a tax rate cut could lead to an increase in tax revenue, or a decrease in tax revenue, depending whether you have already passed the ‘optimal tax rate’ (whatever % that may be.)
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Most people to the left of center think the laffer curve is worth criticizing. Not because the curve does not make interesting arguements in favor of lower taxes, but because it interferes with their agenda of a larger role of government and central planning.
@rawisbetter3136
4 жыл бұрын
And he is a professor so he is a leftist
congratulations the best analysis
More revision resources on the Laffer Curve can be found here www.tutor2u.net/economics/topics/laffer-curve
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