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The Laffer Curve Wreaks Havoc in the United Kingdom

Anthony444 Wrote: Jul 02, 2012 2:24 PM
I don't need to watch it to know the article is correct, because I lived through the first version, saw what it did for the first Pres. Bush, and how the prosperity continued to the glory of Pres. Clinton who would never giver full credit to Ronald Reagan for building the engine and kick starting it while at the hight of the cold war.

Back in 2010, I excoriated the new Prime Minister of the United Kingdom, noting that David Cameron was increasing tax rates and expanding the burden of government spending (including an increase in the capital gains tax!).

I also criticized Cameron for leaving in place the 50 percent income tax rate imposed by his feckless predecessor, and was not surprised when experts began to warn that this class-warfare tax hike might actually result in less revenue because the reduction in taxable income could be more significant than the increase in the tax rate.

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