Micro 6.3 The Laffer Curve- Economic Theories

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Micro 6.3 The Laffer Curve- Economic Theories

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13 жыл бұрын

Mr. Clifford's explanation of the Laffer Curve. Watch the bonus round to see how this relates to trick-or-treating. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.
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Пікірлер: 50

@carterbrock6358 5 жыл бұрын

Wow. After a hard day studying Econ I know I can always turn to Mark Cuban for the much needed help😭🙌🏻🙌🏻thank you brother!

@Abstract.x 3 жыл бұрын

lmaoo for real

@JuanD913 11 жыл бұрын

I have my AP Micro final today and I spent all of yesterday watching every single one of your videos. ABSOLUTELY INCREDIBLE. Thank you so much for all these videos. They saved my grade.

@gregnixon1296 2 жыл бұрын

Did you watch Art Laffer explain his own curve?

@GSW4life271 12 жыл бұрын

I'm generally a lazy preson but I logged into my account just to say "THANK YOU"...that is all! :)

@KannibalBeats 12 жыл бұрын

so I just read 2 pages in my textbook on this and it bored the shit out of me and I didn't get it because I was half-thinking about some Seinfeld episode I saw the other day (the one where Jerry's girlfriend is a non-laugher) so I come on KZfaq and in 2 and half minutes I completely understand the concept...........

@Ariztid 6 жыл бұрын

can somebody please send this video to ALEXANDRIA OCASIO-CORTEZ?

@rmh941 5 жыл бұрын

I bet if you even mention "laffer curve" her response would be like, "Laugh what?"

@lindadai8481 11 жыл бұрын

You are incredible sir!!

@kevindhir 6 жыл бұрын

I agree!

@hudor1 11 жыл бұрын

Im UK student and this is brilliant mate!

@mynameisnedd 13 жыл бұрын

thank you so much for posting these

@TheComedyButchers 7 жыл бұрын

You are way too energetic for economics.

@imamalam4971 6 жыл бұрын

What's up with the failure to properly draw a function. Either that or he's oriented his axis in a dumb way

@Dinyang 13 жыл бұрын

@Lius525 You're taxed by your locality. A UK citizen may be living in Hong Kong or Hull, in land or out they'll still pay their due share unless they give up citizenship. Also the laffer curve refers to civil tax not corporate. It can be slightly adapted into a functional corporate model however.

@026martin Жыл бұрын

Shouldn't tax revenue be on the y axis and tax rate on the x axis?

@adikapashayeva153 Жыл бұрын

u r amazing!

@flamedomegamer537 2 жыл бұрын

Where in earth is he now

@Lius525 13 жыл бұрын

@Dinyang thats just an example ffs, I know it's a tax code, but it to work (better than progressive tax) it assumes that people will invest their money in the state which in 21th century is not necessarily a case.

@RichardPetron 10 жыл бұрын

Your slope is backwards. That should more resemble a log graph than an exponential graph. If the incremental rate of change is decreasing to 0, then the slope will ultimately look more like a horizontal asymptote.

@itsdannyftw 10 жыл бұрын

No. It's correct. Look at the labelled axes.

@tmyte6896 8 жыл бұрын

+Richard Petron In order for it to be a function the Tax percentage needs to be on the bottom (x) and the revenue on the side (y). In other words the revenue depends on the percentage. Revenue is a function of percentage.

@lianagilbert61 6 жыл бұрын

Nerd alert!

@MrBheren 13 жыл бұрын

Greetings Kraus' macro class.

@Tebza.Is.Ren. 5 ай бұрын

Bless

@Dinyang 13 жыл бұрын

@Lius525 It's about tax rate not online shopping, lol.

@Dinyang 13 жыл бұрын

@Lius525 Taxable income elasticity, what the Laffer uses as a basis, is law. What the optimum tax rate however is disputed. The laffer optimum also known as the revenue maximizing rate has been exact in every case it has been applied to. You haven't actually said what's wrong with the idea. You keep using the word "gobal economy" like it means something.

@Dinyang 13 жыл бұрын

@Lius525 It has nothing to do with investing. The method of tax atm is irrelevent. If you are a citizen of a country you MUST pay tax by law. The laffer curve and laffer optimum (the curve's vertex) defines the point of maximum revenue. It has nothing to do with spending or any part of microeconomics per se.

@kumart1218 6 жыл бұрын

like a boss..:)

@Lius525 13 жыл бұрын

this would only work in close state - if whole world was one state, this could (big maybe) work work, but in globalized world with hundreds of states, there is nothing holding companies and individuals investing in other states or spent in other state...

@Lius525 13 жыл бұрын

@Dinyang yes but the premis of Laffer Curve is that I get to keep more money, so I will invest more money into economy, but in 21th century, I can go to amazon and buy there something and my country gets sh*t.

@chinmayadhiman3358 3 жыл бұрын

👍

@DCUPtoejuice 13 жыл бұрын

Don't forget, maximizing government revenue shoule NEVER be the goal!

@tannoy2427 4 жыл бұрын

You look like Mark Cuban

@Lius525 13 жыл бұрын

@Dinyang man how many times I have to repeat this to you until you get it, yeah its tax law, BUT it's joke and not an accurate prediction of getting maximum of revenue, it wont work in global economy just like giving tax breaks to the millionaires didn't worked last time.

@CruceEntertainment 10 ай бұрын

Something D-O-O economics

@FahmeedRokon 2 жыл бұрын

this is Macro

@lesgoden9926 8 жыл бұрын

Oml the worst parents XD. Tbh that's me tho lmao

@jesusisking121 8 ай бұрын

JESUS CHRIST IS THE TRUE LIVING ALMIGHTY GOD AMEN WHOOO ✝️❤️🙏🗡️👑

@tmyte6896 8 жыл бұрын

I never liked this for the fact it makes it look like its ok to charge the highest, to give the max return. Like a business. But Government is not a business and should NOT charge such a high rate just because it can.

@timbuckthe2nd642 7 жыл бұрын

public sector or not, its just economics and how human psychology works.