Economist: We're Taxing the Wrong Things

Arthur Laffer is sticking to his guns about the hazards of over-taxing the economy.

Arthur Laffer is best known as the economist who invented the Laffer Curve, a diagram that purports to show how an optimal tax rate can maximize revenues without discouraging people from working. In an unexpected role, he recently co-authored a picture book for children called Let’s Chat About Economics! I interviewed Laffer and his co-author, Michelle Balconi, about the book for my Money-Smart Kids column.

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Janet Bodnar

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.