To: Rodney King
Laffer was a professor of mine. He was then, and remained, lighter than air. The Curve was hype city. The informational content that 100% tax rates and 0% tax rates do not maximize revenue is simply not very interesting. He also was a big fan of fixed exchange rates, which was rather odd.
99 posted on
05/04/2002 5:56:10 PM PDT by
Torie
To: Torie
No one is denying that the curve is not a perfect "upside-down" parabola but how could you not believe that the maximum revenue a governemnt takes in is not somewhere between 0% and 100%?
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