Published on May 29, 2014
Poor people can't spend themselves into wealth; similarly, a higher tax burden doesn't lead to prosperity at the state level. In An Inquiry into the Nature and Causes of the Wealth of States, co-authors Art Laffer, Steve Moore, Rex Sinquefield, and Travis Brown put this debate to rest with a cogently presented, meticulous analysis of the facts. By looking at quantitative data from all 50 U.S. states, they offer a solid case for lower state income taxes and decreased tax burdens. Wealth doesn't stay put. Businesses and individuals in the upper economic strata go where their interests are protected. As An Inquiry into the Nature and Causes of the Wealth of States demonstrates, almost every measure of economic prosperity at the state level -- population, employment, and beyond -- is linked to taxation.
Opening Remarks by
The Honorable Sam Brownback
Governor of Kansas
Followed by a Discussion with the Co-Authors
Arthur B. Laffer, Ph.D.
Founder and Chairman, Laffer Associates, and Founder, The Laffer Center, Pacific Research institute
Rex A. Sinquefield
Co-Founder, Dimensional Fund Advisors LP and Missouri Philanthropist
Travis H. Brown
Chief Executive Officer and Co-Founder, Pelopidas, LLC
Chief Economist, The Heritage Foundation