"Taxes are costs of production, and when the cost of production goes up, the economy goes down."
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About Arthur Laffer
Arthur Laffer is an American economist known for the Laffer curve, which suggests that there is an optimal tax rate that maximizes government revenue. He gained prominence in the field of economics for his work on supply-side economics and advocating for lower tax rates. Laffer served as a member of President Ronald Reagan's Economic Policy Advisory Board and has been a consultant to various governments and corporations.
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