Arthur Laffer he learned it from Ibn Khaldun and John Maynard Keynes. A simplified view of the theory is that tax revenues would be zero if tax rates were either 0% or 100%, and somewhere in between 0% and 100% is a tax rate which maximizes total revenue. Laffer's postulate was that the tax rate that maximizes revenue was at a much lower level than previously believed: so low that current tax rates were above the level where revenue is maximized. Numerous leading economists have rejected the view that a tax rate cut of current federal US income taxes can lead to
Mid-Levels higher residential property price for a residence that is away from pollution and yet remain so close to the centre of the city. Many streets are named after former Governors of Hong Kong. Examples include Bonham Road (after George Bonham, 1848–1854) and Kennedy Road (after Arthur Edward Kennedy, 1872–1877). Many of the roads in this area are within walking distance of the Central Business District, which is accessible by the Mid-Levels escalator from Central. Many choices for housing are available, from ultra-luxurious apartments to compact, near-luxury apartments. The costs of these apartments vary considerably according to the size, location and