*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 …

The Laffer Curve

This video at Prager University explains the Laffer Curve, which in turn explains why raising tax rates doesn’t always raise revenue. It’s a very handy thing to know when you’re arguing with dumb people about why taxes are bad. They may not pick up on it without a visual aid, so be sure to bring your own white board. I More …