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Book Review

In: Business and Management

Submitted By 1969
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Tamiwe H. Sichinga
Book Review
The End of Prosperity- Arthur B Laffer, Stephen Moore, and Peter Moore The End of Prosperity is one of most informative book to be read, it has both economic facts, and controversies especially when it come to the country’s economic status --people respond to the incentives. The book or the authors appear to be against the notion of President Obama’s leadership in regards to economic policy. I wouldn’t be surprised if the writers are more republicans than anything else because it appears they glorify Ronald Reagan as the best leader when it came to economic policy. Yes they do mention Bill Clinton but credit appears to be given more to the former.But even though they are against Obama I do support them on the issue of taxes. The book explains in the simplest language about the advantages of lowering taxes. By lowering taxes there is a better chance of increasing the balancing of the budget. The authors strongly warn than tax increments risks the economy resulting in higher employment rates, negative growth and a declining stock market. The book also notes that taxes force businesses to move off-shore to countries like The Netherlands which has conversely low tax rates. This is a very clear explanation even to the common man on the street. It clearly states that keeping businesses at home has a positive effect on both workers and businesses therefore creating better wages and job increments as well as generating more revenues that benefit the nation as a whole. The book also emphasizes that the best tax systems helps poor people improve standards of living and not vice- versa.The books emphasis against tax increments is just common sense because people should not work to pay the government but to improve their livelihood. Even though taxes help fund the government but workers should not be penalize by paying huge taxes to fund...

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