Here’sa chartthat will tells you everything you need to know. Andorra’s top tax rate is just 10 percent, while its neighbors (Spain and France) have top tax rates of more than 40 percent. Not as good as theCayman IslandsandMonaco, to be sure, but it is obviously better to keep 9...
To really understand why voters were upset about the economy, it’s not just inflation. It’s the fact that inflation hasincreased faster than wages, as showed by this chart. The bottom line is that most voters have been on a treadmill. At best, their wages have kept pace with prices. ...
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Here is a chart provided by theUK Columnon these types: If you look at just one of these vaccine types and have no clue as to what an ‘adenoviral vaccine’ is, now is the time to start doing research. And yes, mRNA vaccines – which are truly experimental,never hav...
The Japanese (at least some of them) even understand that a lower corporate rate will generate revenue feedback because of the Laffer Curve. I’ve tried to make the same point to American policymakers, but that’s like teaching budget calculus to kids from the fiscal policy short bus. Let...
(the so-called Phillips Curve). Yet in the 1970s we had rising inflation and rising unemployment. While in the 1980s, we had falling inflation and falling unemployment. But if you’re Paul Krugman and you already have a very long list of mistakes (seehere,here,here,here,here,here,here...
Because of problems such as corruption, expropriation, crime, and political persecution, I’m sure that usage of tax havens by people in nations such as China, India, Iran, Mexico, and South Africa is much greater than what we see in the chart. ...
This is a remarkable admission. The IMF, for all intents and purposes, is acknowledging the Laffer Curve. At some point,tax rates become so punitive that the government collects less revenue. This is a simple and common-sense observation, as explained in this video. ...
To add my two cents, I augmented the chart by numbering the options (in red) and then providing a short critique (in green). In large part, I’m pointing out that “theory” may not resemble reality. For instance, how likely is it that politicians would impose this huge tax hike and...
The Laffer Curve simply says that good policy produced revenue feedback, not that tax cuts always pay for themselves (that only happens in rare circumstances). So if Italy wants tax reform, it will also need spending reform. As I noted when commenting on tax reform in Belgium, you can’t...