High tax rates discourage economic activity and can lead to declines in both government revenue and individual prosperity. The Laffer Curve suggests there is an optimal tax rate which maximizes government revenue without stalling economic prosperity.
To learn more about the Hoover Summer Policy Boot camp, visit: https://www.hoover.org/hoover-institution-summer-policy-boot-camp
Click below to watch the other videos in this series.
Chapter 1 – https://youtu.be/sq07nJD89iU
Chapter 2 – https://youtu.be/s3VBxJCAUyU
Chapter 3 – https://youtu.be/ip8FU-A9338
Check out more from Joshua Rauh here: https://www.policyed.org/scholars/joshua-d-rauh
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