Laffer's curve: the tax myth that promoted inequality
15:36
YouTubeRichard J Murphy
Laffer's curve: the tax myth that promoted inequality
Arthur Laffer’s “curve” is one of the most destructive ideas in modern economics. Sketched on a napkin in the 1970s, it claimed that cutting tax rates could increase government revenue. It became gospel for Reagan, Thatcher and every neoliberal government since. But it was wrong. In this video, I explain why Laffer misunderstood tax ...
190.6K views3 weeks ago
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