Art Laffer, the creator of the Laffer Curve told Brexit leader Nigel Farage that the left has failed to learn the lessons of economic history and continues to believe increasing tax rates will increase tax receipts.
Reform UK party leader Nigel Farage spoke to Dr Arthur Laffer, the U.S. economist to advised President Ronald Reagan and who was recognised by President Donald Trump with a Presidential Medal of Freedom. Hailed as the “father of supply-side economics”, Laffer is best known for his eloquent demonstration of how raising tax levels beyond a certain point in an economy becomes counterproductive for the tax collector, as punitive taxes…
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