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For those of you interested in a lesson about the Laffer Curve, here you go. I think it’s necessary to bring the topic of tax rates – and those of tax increases and tax decreases – a bit more into focus since the topic comes up so frequently.
Art Laffer pretty much summed up the Government’s bailout of everyone from AIG to GM and Chrysler … they shouldn’t be in the business in the first place. It’s very funny.