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Just added another speaking date, this one at Michigan State University on December 4. Details to come. And I hope to see you Chicagoans this Friday night at Jaks Tap from 5-7pm!
Excellent, keep us informed on the MSU event. I would like to attend!
Can you speak to Glenn Beck and tell him Art Laffer doesn’t know what he’s talking about?:
From GBTV: Two very different opinions on how to avoid economic collapse
“While Laffer felt like America was in economic trouble, he said that a return to Reagan-era policies would help turn things around. He also said that Romney, who he thinks will win in 2012, would take America in the right direction and it will bring back American prosperity.”
If Art Laffer is reading this, here’s a couple of relevant articles for him:
The Return of Supply Side
“There’s an even darker side to supply sideism, typified by Jack Kemp’s wild spending when he was head of Housing and Urban Development. While calling for tax cuts, he demanded far more for his own department than even a Democratic Congress would consider. As Jeff Tucker has pointed out, if Kemp’s requests had been approved, HUD would have grown by half, as it was, he managed to expand it by a third.
“Was this the exception to the supply-side rule? Sadly not. Their writings express the view that we can keep the mixed economy just as it is – dominated by the world’s largest system of transfer payments – so long as we reconfigure the tax code. Private enterprise can be enlisted, unwittingly, to pay for ever-higher public spending.”
Ronald Reagan: An Autopsy
“The much-heralded 1981 tax cut was more than offset by two tax increases that year. One was “bracket creep,” by which just inflation wafted people into higher tax brackets, so that with the same real income (in terms of purchasing power) people found themselves paying a higher proportion of their income in taxes, even though the official tax rate went down. The other was the usual whopping increase in Social Security taxes which, however, don’t count, in the perverse semantics of our time, as “taxes”; they are only “insurance premiums.” In the ensuing years the Reagan Administration has constantly raised taxes – to punish us for the fake tax cut of 1981 – beginning in 1982 with the largest single tax increase in American history, costing taxpayers $100 billion.”
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