Mr. Laffer said that Ohio's poor economy is a microcosm of the nation's. "Ohio is not in very good shape. Taxes have gotten totally out of control," he said. He criticized former Gov. Bob Taft, a Republican, by name for tax boosts that Mr. Laffer said have crippled the state economy. For 30 years, Mr. Laffer has endorsed the notion that if an economy is to grow, taxes must be eased. Only when taxes are lowered can businesses make greater profits and subsequently expand operations, provide cheaper products, and hire more employees, he contends.If we only would loosen the yoke of taxation, we could experience the bounty of the trickle-down trickle! This certainty of vision and--dare I say, commitment to the course in spite of evidence and reality--is refreshing to see, especially in this day and age, isn't it? You just don't see it that often.
Tuesday, June 17, 2008
And Certain Members of My Family Roar in Approval
He of the Laffer curve bestows his economic wisdom on certain of my relations and their fellow Ohioans: