Phil Suttle
speaker
557 appearances
3 recordings
1 series
first heard Oct 2024
last heard Jul 2025
Phil Suttle’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
There's no one in his personnel uh setup at the moment who I would characterize as a reasonable conventional type, if you see what I mean.
Uh no, I mean obviously the Lafa principle is correct in that zero and a hundred you collect zero tax, uh somewhere in the middle there's an optimal number.
It's an empirical issue where it is.
It might be ten percent, it might be ninety percent, we just don't know, you know, and and and so the claim that it justifies low tax rates is is in itself a very devious one.
By the way, the Laffer curve also probably applies to tariffs, but it does apply to tariffs.
So in that sense, if you put a very
Very, very high tariff rate on.
what's gonna happen is you're gonna collect virtually no tariff revenue because you're gonna shut off imports.
And when you do that, you end up boosting the whole inflation effect, but not collecting any revenue.
So that's probably the w from a from a
From an overall balanced perspective, that's probably the worst uh outcome.
But I I just feel, you know, the the problem in the in the US is there's myth and reality when it comes to looking at economic data.
And the reality is that tax rates seem to matter, first of all, for the distribution of income, that's obvious, but second for returns on certain assets.
So for example, if you cut corporate taxes, you boost equity.
Yeah.
It there's very little evidence in my opinion, and that's not opinion, it's looking at the facts, that it does anything to change investment.
Uh and and probably the reason for that is that investment is determined by so many other things.
So in other words, even at the margin if you have some effect, it's swamps.
So so the best examples I can give is during the uh Reagan era when these corporate tax were cut, business investment to GDP fell consistently.
Then during the Clinton era, when uh taxes were raised, business investment to GDP rose.
Showing 361–380 of 557 · page 19 of 28
← Previous
Next →