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 the amount of labor contributed increases. However capitalism can lead to a situation where the means of production are owned by a small minority who do not produce, but rather live off the labor of others. Socialism is said to remedy this by putting the means of production in common hands and rewarding individuals according to their contributions. In the "Critique of the Gotha Programme", while criticizing Lassalle's ideas, Marx elaborates on the theory. According to Marx's analysis of the Programme, Lassalle suggests that "the proceeds of labor belong undiminished with equal right to all members of society". While agreeing