Walter Block is my hero.
Only a real conservative could come up with this one:
Suppose we are on the upper part of the Laffer curve. That means that if the tax rate is lowered, greater tax revenues will accrue to the government.1 Stipulate that the state is an evil institution. This is a libertarian analysis, after all. Thus, we arrive at what must count at least, as an anomaly. A reduction in the tax rate is ordinarily counted as a pro liberty phenomenon.
It took me few minutes to recover from laughing before I could write this.
In English for the uninformed:
The Laffer curve is an economic chart the shows when government raises taxes beyond a certain point, tax revenue falls.
What he’s saying is that, to a libertarian that thinks government is evil, a tax DECREASE when the government is already taxing beyond the top of this curve presents a conundrum.
Should the libertarian support the tax decrease knowing that it will increase government revenue? Or should he be against it?
Learn more about the Laffer curve and its effects here.
God if we only had more economists like Block around to inform our glorious leaders.
Block goes on to talk about shooting coke machines, Nazi’s, murder and suicide.
I think more people would become economists if economics texts books were written by Block.
A true unhinged genius, Walter Block.