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Daily Inspiration Quote by Arthur Laffer

"Which would you rather have, capital lined up on your borders, trying to get into your country or trying to get out of your country? We are the capital magnet of this planet and we are the savior for not only people, for not only freedom, but also for capital"

About this Quote

Laffer frames global finance like a Cold War checkpoint: money massed at the border, desperate to get in, versus money fleeing under cover of night. It’s a deceptively simple binary designed to make policy feel like common sense. If capital wants in, the country must be doing something right; if it wants out, something has gone terribly wrong. The rhetorical trick is that it turns a complex set of tradeoffs - taxation, labor standards, regulation, social spending, macro stability - into a single, almost moral metric: attractiveness.

The subtext is classic supply-side persuasion. “Capital magnet” isn’t just descriptive; it’s a demand. Keep taxes low, keep constraints light, and treat investment as the primary constituency. The line “trying to get into your country” quietly implies that governments are gatekeepers whose main job is to open the door wider. “Trying to get out” functions as a threat: raise rates, empower labor, regulate markets, and you’ll trigger an exodus. Capital flight becomes the bogeyman that disciplines politics.

Context matters because Laffer’s public identity is inseparable from the Laffer Curve era: the argument that lower tax rates can increase revenue by boosting growth. This quote updates that logic for globalization, where capital is mobile and states compete. The move is to fuse national purpose with investor preference: America as “savior” not only of freedom, but of capital itself. It’s a tell. Freedom here is defined less by civic equality than by frictionless accumulation, recasting financial inflows as proof of moral leadership rather than simply evidence of power, scale, and a system built to favor owners.

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TopicMoney
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Arthur Laffer: Capital as a Magnet for the US
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About the Author

Arthur Laffer

Arthur Laffer (born August 14, 1940) is a Economist from USA.

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