58 Quotes by Arthur Laffer

It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.

You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.

You want to prove that Milton Friedman is a fascist? It’s easy. Quote him.

Government spending is taxation. When you look at this, I’ve never heard of a poor person spending himself into prosperity; let alone I’ve never heard of a poor person taxing himself into prosperity.

And you can’t have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can’t be done.

The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

If you like the post office and the Department of Motor Vehicles and you think they’re run well, just wait till you see Medicare, Medicaid and health care done by the government.

People can also change the timing of when they earn and receive their income in response to government policies.

The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over the same period.