Optimal tax tax rates are lowered, revenue will be decrease by the same amount—and an economic effect—which provides incentives for individuals to increase their work output through low tax rates. These correspond to the mechanical and behavioural effects discussed by Saez. The Laffer Curve illustrates that, for sufficiently high tax levels, the (negative) behavioural effect will outweigh the (positive) mechanical effect of a tax increase, and so increasing tax rates will reduce tax revenue. In fact, tax revenue with a tax rate of 100% is likely to be 0, since there is no remaining incentive to work at all. Therefore, the tax
Arthur Laffer children's books along with Michelle A. Balconi. In 2014 they co-wrote "Let’s Chat About Economics." The second title in the series, "Let’s Chat About Democracy", released in late 2017. Laffer also regularly writes opinion articles in "The Wall Street Journal" and "The Washington Times". The following is a partial list of publications written primarily by Laffer, with co-authors indicated, in order by date: Arthur Laffer Arthur Betz Laffer (; born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for