Quoting oneself can be a dangerous vanity, that risk though I leave to you dear reader, to assess.
I went to an Economics lecture a few weeks ago. Arthur Laffler, a big Chicago School Supply Sider from the Reagan Administration gave a well publicized speech at PLU. This was my first time to visit this school - a beautiful campus tucked away just South of the Tacoma City limits.
The event was well attended. I though didn't know a soul, save recognizing Dave Muri, from the Pierce County Council.
I like to make it my signature to ask a memorable question, and I felt doubly pressured to come up with something for this event, especially as I kind of missed the target by a shade, in commenting in the News Tribune.
Pardon the vanity, but I do think I nailed it.
My question:
Mr. Laffler, you talk of reduced taxes increasing the incentive to produce, but what about the incentive for a corporate executive to give themselves bonuses they didn't earn, such as at a company losing money? Have your policies in fact created incentives not to produce, but to cheat?
His response was okay, maybe a B-; something about everyone taking what they can get. It is certainly true that there are people who work harder for better money. The important question is what the split is, and, of course, if there is actual collusion from the government with the cheaters.
Go Figure Mr. Laffler!