This is for the Grecians who have recently looked at the Irish model for Supply-side success.
The problem with supply-side policy is that there is no guarantee of success and the mechanism by which they work is uncertain.
To use a fairly clumsy analogy, you start with a ball of wool that you want to become a sweater, but it is quite possible for the amateur knitter to end up with a bad scarf.
The article below is from 2010, but has some important lessons on the short comings of Irish supply side policy.
Subscribe to:
Post Comments (Atom)
Just would like to point out that because the Laffer Curve has never been able to specify the peak point beyond which further tax increases result in decreasing revenue, it has no meaningful value for tax policy-makers.
ReplyDeleteTimothy Armoo.