Laffer curve

GPTKB entity

Statements (18)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:category macroeconomics
gptkbp:criticizedFor lack of empirical evidence
gptkbp:debatedBy gptkb:economist
gptkbp:demonstrates there is an optimal tax rate that maximizes revenue
gptkbp:depictedIn bell-shaped curve
gptkbp:describes relationship between tax rates and tax revenue
https://www.w3.org/2000/01/rdf-schema#label Laffer curve
gptkbp:implies tax rates above a certain point decrease revenue
tax rates below a certain point increase revenue
gptkbp:influenced gptkb:Reaganomics
gptkbp:namedAfter gptkb:Arthur_Laffer
gptkbp:proposedBy 1970s
gptkbp:relatedTo supply-side economics
gptkbp:usedIn gptkb:government
gptkb:tax_law
gptkbp:bfsParent gptkb:trickle-down_economics
gptkbp:bfsLayer 6