094: Insights on Supply-side Economics and the Laffer Curve with World-Renowned Economist, Dr. Arthur Laffer

Today’s guest is world-renowned economist Dr. Arthur Laffer. Arthur is a former member of Ronald Reagan’s economic council, inventor of the Laffer Curve, and author of Taxes Have Consequences. Among his many accomplishments, he helped define Prop 13 in California, consulted with several Presidents, including Nixon, Cheney, Trump, and Thatcher, and has spent most of his life studying economics and economic policy. In this conversation, Arthur shares what he’s learned in the 50+ years he’s been in and around the White House and why the fastest-growing states have zero income tax. You’ll also hear Arthur explain why the national debt isn’t just “deferred taxes” and his thoughts on how to improve it. In this podcast interview, you’ll learn:  The differences between Keynesian and supply-side economics–and why Art believes Keynesianism doesn’t work.  Why Art believes mass redistribution of wealth leads to zero income and no incentives.  How eras of historically high tax rates have led to underperforming economies.  Why Art advocates for a low-rate, broad-based flat tax. How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com