The Laffer Curve: Past, Present, and Future | The Heritage Foundation

The Laffer Curve: Past, Present, and Future | The Heritage Foundation:

The Laffer Curve, by the way, was not invented by me. For example, Ibn Khaldun, a 14th century Muslim philosopher, wrote in his work The Muqaddimah: 'It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.'"