Laffer Curve

GPTKB entity

Properties (55)
Predicate Object
gptkbp:instanceOf economic theory
gptkbp:appliesTo different types of taxes
gptkbp:associated_with economic growth
gptkbp:can_be affect public opinion on taxes
impact tax legislation
gptkbp:concept taxes can discourage work and investment
gptkbp:criticism various economists
gptkbp:description relationship between tax rates and tax revenue
gptkbp:designedBy gptkb:Arthur_Laffer
gptkbp:exhibits optimal tax rate
gptkbp:has_a_focus_on policy makers
gptkbp:has_implications_for fiscal policy
https://www.w3.org/2000/01/rdf-schema#label Laffer Curve
gptkbp:illustratedBy a bell-shaped curve
gptkbp:impact economic conditions
gptkbp:influence voter perceptions of taxation
gptkbp:is_a_model_for has practical applications
be applied to various economies
gptkbp:is_a_platform_for taxpayer behavior
gptkbp:is_a_representation_of a curve
gptkbp:is_a_subject_of economic inequality
academic research
economic education
political strategy
public finance
fiscal conservatism
has evolved over time
has historical significance
global implications.
gptkbp:is_a_tool_for analyzing tax policy effectiveness
gptkbp:is_featured_in controversial
two axes: tax rate and tax revenue
the idea of tax evasion
gptkbp:is_linked_to gptkb:Reaganomics
gptkbp:is_studied_in economic simulations
gptkbp:is_used_in political discourse
fiscal responsibility
reducing government spending
supply-side economics
policy proposals
economic textbooks
tax reform discussions
tax policy debates
economic circles
tax cuts for the wealthy
gptkbp:isExemplifiedBy public discussions
gptkbp:isKnownFor a justification for tax cuts
gptkbp:leads increased investment
gptkbp:previousName gptkb:Arthur_Laffer
gptkbp:related_to tax compliance
government revenue
incentives in the economy
gptkbp:suitableFor capital gains tax
lowering tax rates can increase tax revenue
gptkbp:theory influence economic policy decisions