Tuesday, July 26, 2011

Richard Epstein on taxes

http://www.hoover.org/publications/defining-ideas/article/86876

"Human nature what it is, most ordinary citizens will be tempted by government largesse, despite the potential losses from hamstringing the economy with higher taxes. It is for that reason that whenever there is a revenue shortfall, political forces now clamor to "tax the rich." In the end, this is a plea for steeper progressivity, which in turn cuts deeper into long-term economic growth."

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