Daily Review -- Laffer Curve

Read this PBS link to Paul Solman.  The video is 9 minutes.

Which side of the Laffer Curve is the United States on?  Who is right about taxes -- the Democrats or Republicans?

This WSJ article explains that people will change their behavior in response to higher taxes.  The article suggests that higher taxes will induce behavior that will avoid higher taxes such as rolling over dividends into tax-deferred annuities.   The result will be high deficits and higher unemployment.

For a biography on Arthur Laffer, click here.

I will eventually have an economics lesson on the Laffer Curve on EconEdLink.