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Economy
Related: About this forumArt Laffer is being floated as head of a new task force to "reopen" the US economy.
VeryBigVeryPowerfulHat RetweetedWuuuuut?
Link to tweet
Art Laffer is being floated as head of a new task force to "reopen" the US economy. He spoke to
@annsaphir
about what he'd do:
Link to tweet
.
.
.
My recovery plan is that we charge $10 to punch Art Laffer and Donald Trump in the balls. The line would stretch from sea to shining sea.
Link to tweet
BUSINESS NEWS APRIL 8, 2020 / 5:27 PM / UPDATED 20 HOURS AGO
Cut salaries, taxes to reopen U.S. economy says Laffer, conservative fave
Ann Saphir, Jeff Mason
5 MIN READ
WASHINGTON (Reuters) - Republican economist Art Laffer, an architect of the Reagan era tax cuts that paved the way for historic budget deficits in the United States, has a plan to rejuvenate todays pandemic-crippled economy.
Tax non-profits. Cut the pay of public officials and professors. Give businesses and workers who manage to hold on to their jobs a payroll tax holiday to the end of the year.
What about the extra aid funneled to newly jobless workers by the $2.3 trillion fiscal rescue package? Such government spending, Laffer told Reuters in an interview, will only serve to deepen the downturn and slow the recovery.
If you tax people who work and you pay people who dont work, you will get less people working, Laffer said. If you make it more unattractive to be unemployed, then theres an incentive to go look for another job faster.
Laffers unconventional plan isnt just an academic exercise. First of all, he says he has presented it to his contacts at the White House. They include presidential economic advisor Larry Kudlow, who considers Laffer a mentor.
Laffer is also being floated in influential right-wing circles as a good candidate to head a proposed new industry task force aimed at re-opening the U.S. economy as soon as possible. Bring in the minds like Art Laffer, Sean Hannity, the Fox News host said April 6 of the proposed task force.
{snip}
Cut salaries, taxes to reopen U.S. economy says Laffer, conservative fave
Ann Saphir, Jeff Mason
5 MIN READ
WASHINGTON (Reuters) - Republican economist Art Laffer, an architect of the Reagan era tax cuts that paved the way for historic budget deficits in the United States, has a plan to rejuvenate todays pandemic-crippled economy.
Tax non-profits. Cut the pay of public officials and professors. Give businesses and workers who manage to hold on to their jobs a payroll tax holiday to the end of the year.
What about the extra aid funneled to newly jobless workers by the $2.3 trillion fiscal rescue package? Such government spending, Laffer told Reuters in an interview, will only serve to deepen the downturn and slow the recovery.
If you tax people who work and you pay people who dont work, you will get less people working, Laffer said. If you make it more unattractive to be unemployed, then theres an incentive to go look for another job faster.
Laffers unconventional plan isnt just an academic exercise. First of all, he says he has presented it to his contacts at the White House. They include presidential economic advisor Larry Kudlow, who considers Laffer a mentor.
Laffer is also being floated in influential right-wing circles as a good candidate to head a proposed new industry task force aimed at re-opening the U.S. economy as soon as possible. Bring in the minds like Art Laffer, Sean Hannity, the Fox News host said April 6 of the proposed task force.
{snip}
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Art Laffer is being floated as head of a new task force to "reopen" the US economy. (Original Post)
mahatmakanejeeves
Apr 2020
OP
handmade34
(22,755 posts)1. uh, no
sandensea
(21,530 posts)2. Laffable
Talk about being behind the curve.
oswaldactedalone
(3,489 posts)3. Laffer is just one more reason why
Mango Mussolini is a joke of a pResident.
dawg day
(7,947 posts)4. The "Laffer curve" was proved to be a "laugher"
The 1970s called and want their rightwing crackpot economic theories back....
How many recessions did this guy's "theory" cause??????
gibraltar72
(7,486 posts)5. Actually worked quite well.
On the back of a napkin.
sop
(9,946 posts)6. Trump's mind is like a malfunctioning toilet: old turds, like ideas, never completely disappear,
they just keep bobbing back up into his consciousness.
DarthDem
(5,253 posts)7. Yet another lesson why
Last edited Thu Apr 9, 2020, 06:32 PM - Edit history (1)
Headlines are often just clickbait. No one is seriously suggesting the involvement of this discredited person.
Midnight Writer
(21,548 posts)8. Art Laffer is another Republican crank con man.