S2E95 Taxes Have Consequences with Dr. Arthur B. Laffer
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 29 November 2022
⏱️ 34 minutes
🧾️ Download transcript
Summary
Increased taxation is a common solution to challenging economic times, but history shows that high tax rates benefit no-one. In this episode, legendary economist Dr. Arthur B. Laffer explains why higher taxes don’t promote prosperity and shares timeless principles to restore America’s economic success.
YOU WILL LEARN:
· How supply-side economics works.
· Why the patterns of America’s economic past predict its future.
· How entrepreneurs can prosper in this environment.
MENTIONED IN THIS EPISODE:
“Taxes Have Consequences,” by Dr. Arthur B. Laffer
“The Emigrant Edge,” by Brian Buffini
NOTEWORTHY QUOTES FROM THIS EPISODE:
“Whenever you redistribute income, you always reduce total income.” – Dr. Arthur B. Laffer
“There is no benefit to the poor of taxing the rich.” – Dr. Arthur B. Laffer
“If you tax the most productive members of society, they will not be able to lead you to prosperity.” – Dr. Arthur B. Laffer
“America is great because a small group of people of the entrepreneurial spirit are able to create new products and new developments that benefit the whole society.” – Dr. Arthur B. Laffer
“There's nothing more important than free trade - it's what causes the world to boom.” – Dr. Arthur B. Laffer
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to It's a Good Life Podcast, where it's all about helping entrepreneurs think, |
| 0:07.6 | feel and do better. Here's your host, Brian Bafini. |
| 0:13.3 | Well, top of the morning to you and welcome to It's a Good Life. Before we begin, |
| 0:17.4 | I want to tell you about It's a Good Life Plus. It's our new ad-free subscription. |
| 0:22.8 | If you don't like listening to ads on podcasts, then I don't. Just open the Apple Podcast app and |
| 0:28.8 | click on It's a Good Life. You'll see a banner to remove ads. It's five books a month, |
| 0:34.1 | and they even offer a free trial. Look, five books, no more ads. All you get is It's a Good Life. |
| 0:40.8 | Today, I have a guest. You are going to love, but I will say this has been on my book at |
| 0:45.3 | list for a long time. His name is Dr. Art Laffer, and he has taught me more about economics through |
| 0:50.5 | his books than almost anybody else. I would say Art Laffer and Milton Friedman are the two people |
| 0:55.8 | who helped shape my economic philosophy, which has allowed me to prosper in business. He is known |
| 1:02.0 | as the father of supply-side economics. He was a member of President Reagan's Economic Policy |
| 1:07.1 | Advisory Board. He also advised Margaret Tatcher. He's also been awarded the Presidential Medal of |
| 1:13.2 | Freedom, and he has published a new book, Taxes Have Consequences. It's an income tax history, |
| 1:19.4 | the United States. It's very, very powerful. Dr. Art Laffer, it is a thrill to have you today. |
| 1:24.3 | Thanks for joining us. My pleasure, Brian. My pleasure. There's a lot of people our audience |
| 1:28.6 | who will know you and some who won't. We've had all these celebrities and famous people on this show, |
| 1:34.1 | but I'm just giddy to have you here today to share with us the fundamentals. Today, |
| 1:40.6 | like you look at the recent scandal here with FTX and the Herod mentality. I've listened |
| 1:46.0 | into all these folks on CNBC, telling me Sam Brinkman-Fried is the new JP Morgan of cryptocurrency. |
| 1:52.8 | It's just that type of stuff happens because people are not connected to the fundamentals. |
| 1:58.7 | I really want to dive in here today and talk about supply-side economics. I want to talk about |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brian Buffini, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian Buffini and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.