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Increased taxation is a common solution to challenging economic times, but history shows that high tax rates benefit no-one. In this episode, legendary economist Dr. Arthur B. Laffer explains why higher taxes don\u2019t promote prosperity and shares timeless principles to restore America\u2019s economic success.

YOU WILL LEARN:

\xb7     How supply-side economics works.

\xb7     Why the patterns of America\u2019s economic past predict its future. 

\xb7     How entrepreneurs can prosper in this environment.  

MENTIONED IN THIS EPISODE:

\u201cTaxes Have Consequences,\u201d by Dr. Arthur B. Laffer

\u201cThe Emigrant Edge,\u201d by Brian Buffini

NOTEWORTHY QUOTES FROM THIS EPISODE:

\u201cWhenever you redistribute income, you always reduce total income.\u201d \u2013 Dr. Arthur B. Laffer

\u201cThere is no benefit to the poor of taxing the rich.\u201d \u2013 Dr. Arthur B. Laffer

\u201cIf you tax the most productive members of society, they will not be able to lead you to prosperity.\u201d \u2013 Dr. Arthur B. Laffer

\u201cAmerica is great because a small group of people of the entrepreneurial spirit are able to create new products and new developments that benefit the whole society.\u201d \u2013 Dr. Arthur B. Laffer

\u201cThere's nothing more important than free trade - it's what causes the world to boom.\u201d \u2013 Dr. Arthur B. Laffer

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