Laffer curve Office has estimated that extending the Bush tax cuts of 2001–2003 beyond their 2010 expiration would increase deficits by $1.8 trillion over the following decade. Economist Paul Krugman contended that supply-side adherents did not fully believe that the United States income tax rate was on the "backwards-sloping" side of the curve and yet they still advocated lowering taxes to encourage investment of personal savings. Supply-side economics indicates that the simple descriptions of the Laffer curve are usually intended for pedagogical purposes only and do not represent the complex economic responses to tax policy which may be observed from such viewpoints
To each according to his contribution to his needs". Lenin wrote "The State and Revolution" to answer all the burning questions of the movement, and to prevent Marxism from becoming tainted by "opportunists" and "reformists", as he called them. The work is very important as it categorizes the "first phase of communist society" as socialism, with the higher phase being communism proper. The pamphlet also answers all questions and concerns of the Marxists of his time by utilizing the classic works of Marxism. When he is set to describe socialism and its economic features he turns to the authority of Marx, especially the "Critique of the