CURVA DE LAFFER PDF

Besteirol liberal , Curva de Laffer. AP Photo. One of the fundamental economic principles of the so called Reagan revolution, and now a bedrock of ideological faith among conservative Republicans, was jotted down on the back of a cocktail napkin in As legend has it, the infamous Laffer Curve was first drawn by economist Arthur Laffer on a cocktail napkin during a small dinner meeting at a Washington Hotel attended by Dick Cheney and Donald Rumsfeld. Although at first skeptical, Dick Cheney became intrigued when Arthur Laffer explained the gist of the curve, that increases in taxes could conceivably lead to a reduction in overall revenue.

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Besteirol liberal , Curva de Laffer. AP Photo. One of the fundamental economic principles of the so called Reagan revolution, and now a bedrock of ideological faith among conservative Republicans, was jotted down on the back of a cocktail napkin in As legend has it, the infamous Laffer Curve was first drawn by economist Arthur Laffer on a cocktail napkin during a small dinner meeting at a Washington Hotel attended by Dick Cheney and Donald Rumsfeld.

Although at first skeptical, Dick Cheney became intrigued when Arthur Laffer explained the gist of the curve, that increases in taxes could conceivably lead to a reduction in overall revenue. If increases in tax could reduce revenue, surely the reverse was also true. Decreasing the tax rate could conceivably increase revenue! But many economists have questioned the utility of the Laffer Curve in public discourse. Taken to an extreme, the concept has proven to be highly dysfunctional causing massive deficits when base rates were cut to the bone under George W.

Tags Besteirol liberal , Curva de Laffer. O Meio e o Si Seu blog de variedades, do trivial ao existencial. Sidewalk Essays brand new stuff, fresh ideas. Publicar em Cancelar. Privacidade e cookies: Esse site utiliza cookies.

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Laffer curve

In Arthur Laffer, an economist, sketched a simple diagram on the back of a napkin to illustrate a truism of tax policy. Set income-tax rates to zero and governments will not collect any revenue. Somewhere in between lies a sweet spot where government revenues are maximised. From this simple proof, it follows that when tax rates are very high, it might be possible both to lower tax rates and raise revenues.

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Economics A-Z terms beginning with L

In economics , the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. The shape of the curve is a function of taxable income elasticity — i. However, the shape of the curve is uncertain and disputed among economists. One implication of the Laffer curve is that reducing or increasing tax rates beyond a certain point is counter-productive for raising further tax revenue. In the United States, conservatives have used the Laffer Curve to argue that lower taxes may increase tax revenue. However, the hypothetical maximum revenue point of the Laffer curve for any given economy cannot be observed directly and can only be estimated — such estimates are often controversial.

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