Journal of Political Economy Vol. 90 No. 4 1982
Politics, Time, and the Laffer Curve
Abstract
Why should a rationally motivated political decision process generate an inverse relationship between tax rates and tax revenues? There would never seem a logical reason for increasing tax rates beyond maximum revenue limits. In this note, we explain how such a position can emerge and show why, once in such a position, political decision makers may find it difficult to escape.
- Volume
- 90
- Issue
- 4
- Pages
- 816-819
- Sources
- bibtex:phds-export.bib