Laffer Curve Explained and Debunked!

Laffer Curve Explained and Debunked!

Public debts are ballooning all around the world. And, after the coronavirus pandemic, the question will be how to handle them. One way to try to reduce the debt is through tax increases. The Laffer curve tries to model how tax rates influence the government’s revenue and the economic activity. What is the Laffer curve, and is it an accurate model of government earnings?

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