Quotes by Arthur Laffer - Page 2

A carbon tax by itself would make driving more expensive, that's very true. But in exchange for that, there are going to be more jobs, more output, more employment, and more products available. So really, as long as you're going to collect the revenues you're going to collect, you're going to have to trade off one tax for the other.
Arthur Laffer / Economist
Available
Carbon
Employment
Expensive
Output
Collect
Exchange
Revenues
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What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money.
Arthur Laffer / Economist
Dollars
Fewer
Goods
Unemployment
Per
Price
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In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.
Arthur Laffer / Economist
Economic Growth
Estonia
Flat Tax
Shrinking
Adopt
Dramatically
Experienced
Flat
Per
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What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.
Arthur Laffer / Economist
Christmas
Smile
Government
Bail
Fairy
Father
Former
Free Lunch
Government Spending
Lunch
Spending
Staff
Tooth Fairy
Treasury
Years
Colleague
Mine
Putting
Tooth
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California is the highest-tax state in the nation and has been for a long time. It has the highest-paid teachers in the nation, by far - $400 a month more than New Jersey - and yet California is the third lowest state on test scores for fourth and eighth grade English and math in the nation, and has been at the low level for a long, long time.
Arthur Laffer / Economist
California
Eighth Grade
Fourth
Jersey
Long Time
Math
New Jersey
Test Scores
Teachers
Time Long New
Month
English
Nation
Eighth
Grade
Low
Scores
Test
Third
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If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
Arthur Laffer / Economist
Zero
Believe
Differences
Years
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There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.
Arthur Laffer / Economist
Income
United States
Years
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Arthur Laffer Quotes - Page 2

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