Laffer curve United States fell from 70% to 31%. David Stockman, Ronald Reagan's budget director during his first administration and one of the early proponents of supply-side economics, was concerned that the administration did not pay enough attention to cutting government spending. He maintained that the Laffer curve was not to be taken literally—at least not in the economic environment of the 1980s United States. In "The Triumph of Politics", he writes: "[T]he whole California gang had taken [the Laffer curve] literally (and primitively). The way they talked, they seemed to expect that once the supply-side tax cut was in effect, additional
To each according to his contribution as a system whereby the laborer receives the full product of his labor through the elimination of exploitation and accrual of unearned income to a capitalist class. The term means simply that each worker in a socialist society receives compensation and benefits according to the quantity and value of the labor that he or she contributed. This translates into workers of high productivity receiving more wages and benefits than workers of average productivity, and substantially more than workers of low productivity. An extension of this principle could also be made so that the more difficult one's job is—whether this difficulty