Art Laffer was 100% correct and the guiding force behind Reagan’s tax policy.
They mocked his ‘Laffer curve’ which is nothing but COMMON SENSE.
The called it the ‘giggle wiggle’.
Right—but Laffer’s out to lunch on illegal immigration, seeing only the green eyeshade, economist’s view of the dynamic. Not recognizing the cultural impact, that immigrant Hispanics continue to be a massive drain on the treasury at least three generations in, and the overall social cost to creating a dual language country with a new population that has never demonstrated its ability to pull its weight in an advanced, technical economy.