Economist Arthur Laffer argued that Robin Hood and his men would:
A) Be more efficient if they confiscated only the possessions of every fifth traveler through Sherwood Forest
B) Manage the resources in Sherwood Forest better by establishing checkpoints for travelers entering and exiting
C) Collect more tax revenue if they only collected a relatively small tax from each traveler through Sherwood Forest
D) Be more equitable to travelers through Sherwood Forest if they only took possessions from those who could afford it

Question

Quizplus · Accepted Answer

Arthur Laffer is known for his belief in supply-side economics, which argues that lower tax rates can lead to higher tax revenue by stimulating economic activity. Therefore, his suggestion that Robin Hood and his men should collect a relatively small tax from each traveler aligns with his economic philosophy of lower tax rates leading to more revenue. This choice also aligns with Robin Hood's ethos of taking from the rich to give to the poor, as it would be more equitable to collect a small tax from everyone rather than only taking possessions from those who can afford it.

Economist Arthur Laffer Argued That Robin Hood and His Men