Howard Jarvis and Me

I met Howard Jarvis for the first time in 1976. He had tried to qualify a real estate tax limitation initiative constitutional amendment to the California ballot. He had failed to gain enough signatures to qualify. Jarvis was generally perceived as a political gadfly. He was a frequent attendee of Los Angeles City Council meetings…

Does Anyone Remember the Laffer Curve?

from Wikipedia In economics, the Laffer curve is a representation of the relationship between rates of taxation and the resulting levels of government revenue. The Laffer curve claims to illustrate the concept of taxable income elasticity—i.e., taxable income will change in response to changes in the rate of taxation. It postulates that no tax revenue will…