Over at Grasping Reality: Ibn Khaldun on the Laffer Curve

Over at Grasping Reality: Abd Ar Rahman bin Muhammed ibn Khaldun: Muqaddimah:

36. Taxation and the reason for low and high tax revenues): It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments…