Arthur Laffer

Arthur Laffer is an American economist best known for the "Laffer Curve," a concept indicating that there is an optimal tax rate that maximizes revenue without discouraging productivity. According to Laffer, if tax rates are too low, the government won't collect enough revenue, but if they are too high, they can deter people from working or investing, ultimately reducing revenue. This idea has influenced tax policy debates, particularly around the notion that lowering taxes can sometimes lead to increased economic activity and, paradoxically, higher government revenue. Laffer's work has been both influential and controversial in economic discussions.