'Sometimes it takes a PhD in economics not to be able to understand the obvious' | Dr. Arthur Laffer
Dr. Arthur Laffer on Income Inequality and Taxation
Dr. Arthur Laffer discusses the concept of income inequality and its relationship with taxation. He argues that income inequality can be reduced by both the rich and the poor becoming wealthier, as opposed to everyone becoming poorer. Laffer points out that raising the highest marginal income tax rates tends to underperform the economy and make the poor even poorer. He emphasizes that rich people play a significant role in job creation and economic growth and suggests that the focus should be on letting them concentrate on what they do best, rather than imposing higher taxes.
#IncomeInequality #Taxation #EconomicPolicy #LafferCurve #TaxPolicy #WealthCreation #EconomicGrowth #RichvsPoor #TaxRates #gbnews
Keep up to date with the latest news at https://www.gbnews.com
Twitter: https://twitter.com/GBNEWS
Facebook: https://www.facebook.com/GBNewsOnline
Download the GB News app! You can watch GB News on all of your favourite devices and keep up to date with the latest news, analysis, opinion and more.
-
3:10
GBNewsOnline
9 months ago'OUR political class have welcomed RADICAL JIHADIS!': 'Death cult' Hamas operatives in Europe
132 -
5:43:23
Rescue The Republic
13 hours agoRescue The Republic
113K51 -
4:43:02
Drew Hernandez
1 day agoTRUMP RALLY ERIE PA & TRUMP FORCE 1 MISSLE THREAT?
120K123 -
40:30
Athlete & Artist Show
2 days agoDave Portnoy Offers UMich $3M For QB, Zach Shows Off 5th Championship Ring
129K25 -
1:20:55
-
13:21
Exploring With Nug
16 hours ago $4.93 earnedTruck FOUND Underwater Searching For Missing Veteran!
106K38 -
1:19:51
Bright Insight
1 day agoRare ‘UNKNOWN METAL’ Discovered in Egyptian Stone Box!?
195K221 -
9:52
Tundra Tactical
1 day ago $2.40 earnedIsrael Takes the Party Back to 1989!
99.2K24 -
19:26
Cody and Kellie
17 hours agoHot Springs Bathhouse: A Relaxing Retreat
88.7K15 -
9:02
Dr. Nick Zyrowski
1 day agoIntermittent Fasting Linked To Cardiovascular Death? New Study
85.1K46