Best quotes by Arthur Laffer on Government

Checkout quotes by Arthur Laffer on Government

• ‟ What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

  - Arthur Laffer
  

• ‟ Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, 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.

  - Arthur Laffer
  

• ‟ Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.

  - Arthur Laffer
  

• ‟ I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should worry about their own capital functioning. That's what they should do. It shouldn't be a government function.

  - Arthur Laffer
  

• ‟ People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.

  - Arthur Laffer
  

• ‟ People can also change the timing of when they earn and receive their income in response to government policies.

  - Arthur Laffer
  

• ‟ Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.

  - Arthur Laffer
  

• ‟ And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.

  - Arthur Laffer
  

• ‟ When you look at the government, when the government collects a buck, it's not free. They have to spend resources, the IRS, audits, all this sort of crap, to collect the dollar. I'm not assuming any Laffer curve effect here at all. There are just transactions costs of collecting that money.

  - Arthur Laffer