*Note: Laffer Curve Not as Funny as It Sounds, but Still Important

From Prager University, a neat little explanation of why cutting tax rates doesn’t always mean reducing government revenue. So, if there’s a point at which raising tax rates leads to less government revenue, why do advocates of big government always want higher and higher taxes? It’s not because they don’t understand the Laffer Curve; they almost certainly do. It’s because More …