Comment on You Can't Soak the RichComments−nazgulnarsil17yDoesn't this call into question the premise of a Laffer curve? http://en.wikipedia.org/wiki/Laffer_curveAnd if increasing taxation lowers GDP doesn't it follow that lowering taxation should increase GDP?−gaius17yReagan implemented that policy, but then got bogged down in bankrupting the USSR.
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Doesn't this call into question the premise of a Laffer curve? http://en.wikipedia.org/wiki/Laffer_curve
And if increasing taxation lowers GDP doesn't it follow that lowering taxation should increase GDP?
Reagan implemented that policy, but then got bogged down in bankrupting the USSR.