Laffer Curve Made In Tunisia

INTELLECTUAL VERSATILITY



"The Laffer Curve -[illustration of the idea that setting tax rates at an optimum point maximizes the tax revenue]- was not invented by me. Ibn Khaldun, the 14th century [Tunisian] 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.""

Economist Arthur B. Laffer (June 1, 2004 at The Heritage Foundation)