Quickie: The Laffer Curve
1,250 views · Published 7 March 2018 · 2:37 · Indexed 20 October 2026
Channel: Shane Killian · 2018 · Education
The Laffer Curve states that there's a point where increasing the tax rate will result in LOWER revenues. Leftists keep denying this, but mathematically, it HAS to be true. The Means to Prosperity, by John Maynard Keynes: "Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance, than an increase, of balancing the Budget. For to take the opposite view to-day is to resemble a manufacturer who, running at a loss, decides to raise his price, and when his declining sales increase the loss, wrapping himself in the rectitude of plain arithmetic, decides that prudence requires him to raise the price still more;ءnd who, when at last his account is balanced with nought on both sides, is still found righteously declaring that it would have been the act of a gambler to reduce the price when you were already making a loss." http://www.gutenberg.ca/ebooks/keynes-means/keynes-means-00-h.html _____ YᴏᴜTᴜʙᴇ: https://www.youtube.com/shanedk Lɪᴠᴇsᴛʀᴇᴀᴍs: https://www.youtube.com/channel/UCg3bMbE6gbL1GaADuZaC8jw Pᴀᴛʀᴇᴏɴ: https://www.patreon.com/shanedk MᴀᴋᴇʀSᴜᴘᴘᴏʀᴛ https://www.makersupport.com/shanedk Fᴏʀᴜᴍ: http://forum.bogosity.tv/ Pᴏᴅᴄᴀsᴛ: http://podcast.bogosity.tv/ Dɪsᴄᴏʀᴅ: https://discord.bogosity.tv/ PᴀʏPᴀʟ: https://www.paypal.me/shanedk Bɪᴛᴄᴏɪɴ Cᴀsʜ: 1PyiWjnNK4TivWwzchprVYBwBxCbJrSK7M DASH: XmebStk9yUTzDCnwnxGkTCRzvm3HjRUXwi AʟᴛCᴏɪɴs: http://altcoins.bogosity.tv
