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immediate (short-term) increases in government revenue; (2) the prohibitive zone is larger than Laffer originally hypothesized …
Persistent link: https://www.econbiz.de/10011141227
In 1972 Congress established the Federal Water Pollution Control Act in which the Environmental Protection Agency was given responsibility to “restore and maintain the chemical, physical, and biological integrity of the nation’s waters.’’ Two national goals of...
Persistent link: https://www.econbiz.de/10011141228
Growth of the governmental regulation of economic activities since the depression is normally associated with industrial produc- tion.’ Indeed, pollution controls, work-safety requirements, and antitrust actions have recently been cited as contributing to declin- ing productivity and...
Persistent link: https://www.econbiz.de/10011141230
positive output effects without also cutting government spending? 4. Should we let our answer to the second and third questions …
Persistent link: https://www.econbiz.de/10011141233
conser- vation argue that resources must be conserved by government decree. Their position is based largely on a distrust of …
Persistent link: https://www.econbiz.de/10011141234
existing taxes stand apart from the danger that the government will merely add it on to present taxes, I don’t believe we …
Persistent link: https://www.econbiz.de/10011141235
One feels constrained to step lightly in an examination of the Laf- fer curve. Laffer contends that higher tax rates, by removing incen- tive, will discourage work, lead to less output, and thereby reduce government’s total tax revenue. Surely the contention that lower tax rates will...
Persistent link: https://www.econbiz.de/10011141236
least call for both a “minimalstate’’andasharplimitationuponthescopeandthelevel of government activity. This … insistence upon limited government, especially in the area of economic regulation, has greater intellec- tual and popular … intervention in environmental matters, even by those who see themselves as hostile to big government... …
Persistent link: https://www.econbiz.de/10011141239
Economic analyses of bureaucracy have charged that public pro- duction tends to be more costly than optimal;’ the extra cost may be due to either technological or allocational ineuficiency.2 Conversely, the standard theory of regulation asserts that regulated industries produce too little...
Persistent link: https://www.econbiz.de/10011141241
, neutral to the market. Free-market economists have advocated such neutrality of government, and even economists favoring … redistributive actions by government have believed that the service activities and the re- distributive activities of government can … neutral government; the paper argues that all government activities necessari(y divert incomes, re- sources, and assets from …
Persistent link: https://www.econbiz.de/10011141242