Politics, Time, and the Laffer Curve
Journal of Political Economy
1982
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.
- DOI
- 10.1086/261091
- Volume
- 90 (4)
- Pages
- 816-819
- Language
- en
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