United_States flag

🕓

Laffer In News: The Most Popular Tweets | United States

Payback for the Presidential Medal of Freedom has commenced. This is a preposterous notion - although Trump already views he is in control of the Fed (like everything else)..

Laffer Twitter

Laffer Photo

Laffer Top Tweets On Twitter

Boris Johnson says tax cuts bring in revenue. But we now know that’s a myth.

Boris Johnson says tax cuts bring in revenue. But we now know that’s a myth | Polly Toynbee.

@JXB101 @JolyonMaugham As in, I’ve never heard Daniel Hannan saying ‘we need to make sure we are correct about which side of the Laffer curve we are on, otherwise tax cuts would indeed be revenue reducing’.

«All [contenders] say cutting taxes will bring in more revenue. Rattling beneath their words is their evidence-free faith that tax cuts pay for themselves, the Tory magic money tree.».

Well I would tweet this wouldn’t I. Happy to not disappoint..

[C]ountries that cut their top rates did not have higher growth: instead cuts can stimulate what economists call worthless rent-seeking rather than enterprise. #ableg #cdnpoli Tax cuts bring in revenue? That’s a myth | Polly Toynbee.

@JolyonMaugham Surely all the Laffer curve represents is a proposition that cutting tax rates can increase tax revenue, not that it will increase revenue..

Laffer Photo

This Laffer curve theory tax cuts bring in revenue has stopped working because this is happening cuts can stimulate what economists call worthless rent-seeking rather than enterprise. 😢Rent & housing are sucking the life out of our economy!😢.

A couple of related columns form the Guardian. Worth reading: and.

“Research by Emmanuel Saez and Thomas Piketty shows countries that cut their top rates did not have higher growth: instead cuts can stimulate what economists call worthless rent-seeking rather than enterprise” @pollytoynbee.

“The consensus of research finds the Laffer curve does kick in – but not until tax rates surpass 75%. Until then, higher taxes produce higher revenues” @pollytoynbee.

@JolyonMaugham You have never heard of the laffer curve? Or learned from where countries have actually, in the real world, genuinely raised more tax revenue after cutting taxes? Are you really that ignorant?.

Boris Johnson says tax cuts bring in revenue. But we now know that’s a myth | Polly Toynbee.

@JolyonMaugham The counterargument would be that ‘you can test the argument by taxing at 100%’. Don’t get me wrong, I’m furious that the Tory candidates are peddling the myth tax cuts always generate higher revenue. The economists’ consensus is that Laffer’s threshold exists, but is at ~75%..

@JolyonMaugham With the greatest respect, that is a little simplistic. No-one expects the tax revenue to be a linear function of tax rate across that wide a range. The wikipedia page on laffer curve illustrates.

Excellent demolition of the Tory Party’s favourite economic.

Why is it that everyone who believes in the laffer curve seems to believe it’s actually a straight line? It’s almost like they’re using a very basic understanding of economics as a fig leaf for their preconceived positions..

Boris Johnson says tax cuts bring in revenue. But we now know that’s a myth | Polly Toynbee.

@chakrabortty @pollytoynbee The wonderful Laffer curve is basically just a trivial example of Rolle’s theorem which dates back to 1691.

Payback for the Presidential Medal of Freedom has commenced. This is a preposterous notion - although Trump already views he is in control of the Fed (like everything else)..

United States Twitter Trends Now