Laffer curve revenue would start to fall, manna-like, from the heavens. Since January, I had been explaining that there is no literal Laffer curve." Stockman also said that "Laffer wasn't wrong, he just didn't go far enough" (in paying attention to government spending). Some have criticized elements of Reaganomics on the basis of equity. For example, economist John Kenneth Galbraith believed that the Reagan administration actively used the Laffer curve "to lower taxes on the affluent". Some critics point out that tax revenues almost always rise every year, and during Reagan's two terms increases in tax revenue were more shallow than increases
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