Phrase by 'Arthur Laffer'
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Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.
Author: Arthur Laffer - American EconomistHelp , Balance , Government , Unemployment
What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.
Author: Arthur Laffer - American EconomistYou , Work , Father , Government
And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.
Author: Arthur Laffer - American EconomistYou , Money , Way , Government
Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.
Author: Arthur Laffer - American EconomistYou , Look , Alone , Government
In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
Author: Arthur Laffer - American EconomistCountry , Real , Growth , Economic Growth
Sound money is the sine qua non of a prosperous society.
Author: Arthur Laffer - American EconomistMoney , Society , Sound , Prosperous
Tax rates aren't everything with regard to incentives to work. I would probably work at a 100% tax rate next to a nude modeling studio. I'm joking, but you know what I'm saying. There's a lot more to it than just tax rates. It's economics that I do; I don't do nude modeling studio economics. People do respond to taxes.
Author: Arthur Laffer - American EconomistYou , People , Work , Modeling
I've been truly blessed. I've been a fly on the wall of history. I've been just so many lucky places just by chance and serendipity, and obviously a huge portion of that serendipity had to do with my relationship with the real president, Ronald Reagan.
Author: Arthur Laffer - American EconomistHistory , Relationship , Blessed , Fly
And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting.
Author: Arthur Laffer - American EconomistBack , Just , Remember , Accounting
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.
Author: Arthur Laffer - American EconomistPeople , Change , Government , Changes
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