Can an economy be taxed into prosperity?

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Can an economy be taxed into prosperity?

Economist Arthur Laffer says no, arguing that a wealth tax is the wrong way to tackle inequality, and that a low-rate, broad-based tax system would create more opportunity.

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Laffer also insisted that Liz Truss’ economic programme was never given the chance to work, but could’ve been a success.

Watch the full debate on wealth, tax and inequality on The Fourcast.
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Date: August 20, 2026