Business Decline Quotes
This inverse relationship between rate of taxation and revenue sometimes is referred to as the Khaldun-Laffer Curve or the Laffer Curve. However, Khaldun appears to by the first to document the relationship, David Hume, Keynes, and others have since. This quotation’s exact source is unknown and may possibly be a bogus quotation as it reflects a classic view of one of the partisan political philosophies. However, there are several references and for now we lean toward accepting it as authentic. Khaldun was one of the world’s greatest polymaths who among his other accomplishments was the “Father of Sociology” and was the leading Islamic intellectual of his era.