FastSaying

the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.

Henry Hazlitt

Related Quotes

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
— Henry Hazlitt
Politics / government
The "private sector" of the economy is, in fact, the voluntary sector; and...the "public sector" is, in fact, the coercive sector.
— Henry Hazlitt
Politics / government
Every advantage has its tax.
— Ralph Waldo Emerson
AdvantageBurdenIts
The critical thing is that we have to reduce the tax burden.
— Bruce Rauner
BurdenCriticalReduce
If Government see herself as a shareholder in every business & not just a tax collector,she will endeavor to meet their pressing needs & Enterprises will thrive more & in turn Government will get more tax income.
— david atta (a.k.a davied attlars & mr dain)
Government & Tax