Ocupation: Economist
Life: b. August 14, 1940
Birthday: August 14
The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.
source: "How Low Can They Go? Arthur Laffer Defends Slashing State Income Taxes". Interview with Paul Solman, www.pbs.org. August 1, 2013.
topic: Government, Pie, Growth, Shrinks