by Dan Mitchell | Dec 17, 2024 | Blogs, Economics, Supply Side, Taxation
Some people say the Laffer Curve is the economic version of Goldilocks. But instead of being a story about whether the porridge is too hot, too cold, or just right, it’s a story about whether tax rates are too high, too low, or just right. But I’ve never...
by Dan Mitchell | Oct 9, 2024 | Blogs, Economics, Supply Side, Taxation
Some folks on the left say the Laffer Curve is a fantasy concocted by economic charlatans. Some folks on the right say the Laffer Curve is real and that all tax cuts are self-financing. Both are wrong. When I talk to folks on the left, I tell them...
by Dan Mitchell | Oct 6, 2024 | Blogs, Taxation
Part I of my three-part video series on the Laffer Curve is a good introduction to today’s column. It’s a common-sense primer on why there is not a linear relationship between tax rates and tax revenue. This is not a controversial view. Even Paul Krugman...
by Dan Mitchell | Apr 10, 2024 | Blogs, Taxation
Since I’m currently in Stockholm and just gave a speech about fiscal policy, let’s take a look at Swedish taxation. Like most western nations, Sweden became a rich nation in the 1800s and early 1900s when taxes were modest and the burden of...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
