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Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
Arthur Laffer
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"Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending."
— Arthur Laffer #moneywealth #politicsgovernment

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Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending. — Arthur Laffer

About Arthur Laffer

Arthur Laffer was a Economist from United States (1940–1989).

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Frequently Asked Questions

Who said "Sometimes, tax rate increases create the very problems that the spending is int…"?
This quote is attributed to Arthur Laffer, a Economist from United States.
When did Arthur Laffer live?
Arthur Laffer lived from 1940 – 1989.
What is this quote about?
This quote touches on Money & Wealth, Politics & Government. Browse more quotes on these themes from the categories page.