Laffer curve would raise taxable income enough so that the annual total tax revenue would be higher within five years than without the tax cut", none of the economists surveyed agreed and 71% disagreed. One of the conceptual uses of the Laffer curve is to determine the rate of taxation that will raise the maximum revenue (in other words, "optimizing" revenue collection). The revenue maximizing tax rate should not be confused with the optimal tax rate, which economists use to describe tax rates in a tax system that raises a given amount of revenue with the least distortions to the economy. The
The J Curve (book) The J Curve (book) The J Curve: A New Way to Understand Why Nations Rise and Fall (Simon & Schuster: 2006) is a book by political scientist Ian Bremmer. It was named a "Book of the Year" in 2006 by "The Economist". Bremmer's J Curve describes the relationship between a country's openness and its stability; focusing on the notion that while many countries are stable because they are open (the United States, France, Japan), others are stable because they are closed (North Korea, Cuba, Iraq under Saddam Hussein). According to Bremmer, a government's motivations differ dramatically depending on where they