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
From each according to his ability, to each according to his needs Marx's terminology), the Soviet Union adapted the formula as: "From each according to his ability, to each according to his work (labour investment)". While liberation theology has sought to interpret the Christian call for justice in a way that is in harmony with this Marxist dictum, many have noted that Jesus' teaching in the "Parable of the Talents" (Matthew 25:14–30) affirms only "TO each according to his ability" (Matt. 25:15), and not "FROM each according to his ability". From each according to his ability, to each according to his needs "From each according to his ability, to each according to