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mahatmakanejeeves

(56,897 posts)
Thu Apr 9, 2020, 01:24 PM Apr 2020

Art Laffer is being floated as head of a new task force to "reopen" the US economy.

VeryBigVeryPowerfulHat Retweeted

Wuuuuut?



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:



.
.
.
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.



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 today’s 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 don’t work, you will get less people working,” Laffer said. “If you make it more unattractive to be unemployed, then there’s an incentive to go look for another job faster.”

Laffer’s unconventional plan isn’t 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.

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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
uh, no handmade34 Apr 2020 #1
Laffable sandensea Apr 2020 #2
Laffer is just one more reason why oswaldactedalone Apr 2020 #3
The "Laffer curve" was proved to be a "laugher" dawg day Apr 2020 #4
Actually worked quite well. gibraltar72 Apr 2020 #5
Trump's mind is like a malfunctioning toilet: old turds, like ideas, never completely disappear, sop Apr 2020 #6
Yet another lesson why DarthDem Apr 2020 #7
Art Laffer is another Republican crank con man. Midnight Writer Apr 2020 #8

dawg day

(7,947 posts)
4. The "Laffer curve" was proved to be a "laugher"
Thu Apr 9, 2020, 01:29 PM
Apr 2020

The 1970s called and want their rightwing crackpot economic theories back....

How many recessions did this guy's "theory" cause??????

sop

(9,946 posts)
6. Trump's mind is like a malfunctioning toilet: old turds, like ideas, never completely disappear,
Thu Apr 9, 2020, 01:50 PM
Apr 2020

they just keep bobbing back up into his consciousness.

DarthDem

(5,253 posts)
7. Yet another lesson why
Thu Apr 9, 2020, 02:03 PM
Apr 2020

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.

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