The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.
The story of how the Laffer Curve got its name begins with a 1978 article by Jude Wanniski in 'The Public Interest' entitled, 'Taxes, Revenues, and the Laffer Curve.'
I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues.
A carbon tax by itself would make driving more expensive, that's very true. But in exchange for that, there are going to be more jobs, more output, more employment, and more products available. So really, as long as you're going to collect the revenues you're going to collect, you're going to have to trade off one tax for the other.
You really notice how you're growing when you go on tour. To be able to tour around the world, and do bigger venues every year, is really, really cool.
The most valuable blacks are those in prison, those who have the warrior spirit, who had a sense of being African. They got for their women and children what they needed when all other avenues were closed to them.
I'm sure when the times comes, there will be tears, but there are other avenues that I am embracing with much more passion these days.
Nathaniel Rich wrote 'Odds Against Tomorrow' well before Hurricane Sandy and its surge crashed onto the isle of Manhattan, well before the streets were flooded and the subways drowned, only the Goldman Sachs building sparkling above the darkened avenues.
I had sort of exhausted all the avenues playing in Detroit. So again, through the stewardship of my brother, I ended up in California and went to the Musicians Institute in L.A. I wanted to get better as a player.
The first session of the Congress of the United States under the Constitution was devoted principally to the problems of immediate revenues and administrative and judicial organization.
