Come on, no serious economist gives credit to Laffer's curve - until taxation goes over something like 70%. And it's incredibly easy to demystify: Just try to check how many times taxes were increased, and fiscal revenues increased. If we were on the descending slope of that curve, increasing taxes would decrease fiscal revenue.
Check the news, in France we've just reach this point. This year the State is getting a decrease in tax revenue despite a tax increase. Heh, at least they would have accomplished something useful: they proved an old theory right!
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Come on, no serious economist gives credit to Laffer's curve - until taxation goes over something like 70%. And it's incredibly easy to demystify: Just try to check how many times taxes were increased, and fiscal revenues increased. If we were on the descending slope of that curve, increasing taxes would decrease fiscal revenue.
Check the news, in France we've just reach this point. This year the State is getting a decrease in tax revenue despite a tax increase. Heh, at least they would have accomplished something useful: they proved an old theory right!