"People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies"

In this quote, Arthur Laffer is highlighting the versatility and versatility of people when it pertains to their earnings. He recommends that individuals have the capability to modify the quantity, source, and structure of their profits, and they can do so in response to shifts in federal government guidelines. This indicates that people have a particular level of control over their financial situation and can make tactical decisions to maximize their earnings. Laffer's statement likewise stresses the effect of government policies on individuals's income and how people might change their financial techniques appropriately. Overall, this quote highlights the vibrant nature of income and the role of government policies in shaping it.