Politics, time, and the Laffer Curve /

Why should a rationally motivated political decision process generate an inverse relationship between tax rates and tax revenues? There would never seem a logical reason for increasing tax rates beyond maximun revenue limits. In this note we explain how such a position, political decision makers ma...

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Bibliographic Details
Main Author: Buchanan, James M., 1919-2013
Format: Article
Language:English
Subjects:
Description
Summary:Why should a rationally motivated political decision process generate an inverse relationship between tax rates and tax revenues? There would never seem a logical reason for increasing tax rates beyond maximun revenue limits. In this note we explain how such a position, political decision makers may find it dificult to escape
Physical Description:pp. 816-819 : il.
Bibliography:Incluye bibliografía