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Art Laffer says taxing the rich has never worked
Original: Taxing the rich has never worked: Art Laffer
Economist Art Laffer, known for the Laffer curve, argues that raising taxes on the wealthy has never succeeded, renewing a familiar debate over tax policy. His comments fuel ongoing arguments between conservatives who say high rates shrink revenue and dampen growth, and progressives pushing for higher taxes on top earners to fund public spending.
Why now: Tax policy on high earners is a recurring flashpoint in current economic and political debate.
Evidence
- Taxing the rich has never worked: Art Laffer · Fox Business
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