John Williamson

John Williamson was a British economist renowned for developing the "Laffer Curve," a graphical representation illustrating that there is an optimal tax rate that maximizes government revenue. Beyond this point, increasing tax rates can actually decrease revenue due to reduced incentives to work or invest. His work helped shape discussions on taxation and fiscal policy, emphasizing the complex relationship between tax rates and economic growth. Williamson's contributions are vital in understanding how government taxation influences economic behavior and revenue generation.