Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The above comment should be qualified--the comments are true up to the peak point on the Laffer curve--ie there is some point at which the tax rate is just too low to cover expenditures, represented by the falling portion (to the right of the midpoint on your graph) of the curve.
by wchurchill on Fri Jan 6th, 2006 at 03:24:00 PM EST
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