Word: laffer
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...lose. The President has created a perverse form of Robin Hoodism in which the government steals from the poor and middle class to give to the rich. The plan's rationale--that it will reduce both inflation and unemployment--is based on unproven assumptions like the much-disputed Laffer curve. Thus, if it is adopted, Americans are likely to be left with a system that is both stagnant and unjust. Reagan has persistently argued that taxes were a severe burden on the middle class, but his plan offers average Americans little relief, saving the biggest tax breaks for the rich...
...ironic that conservatives who so long ranted against liberal experiments in social engineering should now be willing to turn our society into a vast laboratory for academic theorists of the likes of Laffer and Friedman," he added...
They will hear an all-star lineup that includes Ruff, Casey, Economist Arthur Laffer, Metals Expert James Sinclair and Television Host Louis Rukeyser. Like rock concerts, the seminars can be phenomenally profitable for both the stars and the promoters. The impresario behind this weekend's gala is Charles E. Githler III, 24, who dropped out of college in 1976 to devote his full time to real estate speculation in Florida. Githler organized his first International Investors Forum in San Francisco three years ago, attracting 1,400 people at $450 each. The superstar of seminar promoters is James U. Blanchard...
...this nation is on the way to recovery. Like any president-elect, Ronald Reagan carries the baggage of pregnant campaign promises to office this January. Unlike others before him, however, "Ronnie" betrays a suspicious amount of faith in his grab-bag of rhetoric about economics--tax cuts, defederalization, and Laffer Curve explosions. Less government is the promiscuous rabbit he promises to produce from his cowboy hat to stimulate business. Let the private sector make us great again televisions and the late show for everyone...
Domestic considerations argue against Reagan as well. In the rush to increase defense spending and balance the budget, money for food stamps, for housing assistance, and for tuition loans will slide off the back of the Laffer curve into oblivion. More disturbing still is the Reagan pledge to trim government regulation drastically; should he succeed, it will mean the sacrifice of 40 years of progress, a return to the days when the nation's Hooker Chemicals searched for Love Canals, a return to the era when job safety was regarded as a socialistic measure interfering with productivity...