Poor people can’t spend themselves into wealth. A higher tax burden doesn’t lead to prosperity at the state level. These notions seem simple enough to many, but have often been the subject of loud debate. In their new book, An Inquiry into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything, economist Art Laffer and coauthors Stephen Moore, Rex A. Sinquefield, and Travis Brown examine quantitative data from all 50 U.S. states and make a compelling case for lower state income taxes and decreased tax burdens.
Wealth is mobile. Businesses and individuals in upper economic strata go where their interests are protected. The result? As An Inquiry convincingly demonstrates, almost every measure of economic prosperity at the state level—population, employment, and beyond—is linked to taxation. Low-tax states in every region of the country are outperforming their high-tax neighbors.
Please join us for a conversation with one of the most distinguished economic policy minds of our time as he makes a powerful case for tax reform.