Google is your friend!!!
"Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics."
FOUND IT..Donald Lambro.
Try in google: economics laffer curve
The Laffer Curve shows the relationship between taxes and tax revenue. It shows that when the gov’t taxes too much, the revenue falls.
1. How much tax revenue would be generated if the tax rate is 0%? They answer "None" of course. Then I ask this:
2. How much tax revenue would be generated if the tax rate is 100%? They are silent. Their face starts to contort. Their eyes cross and smoke starts escaping from their ears. The head is getting ready to explode! Bwahahaha!