Two Years of Faulty Taxation And the Results
Two Years of Faulty Taxation And the Results
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Our taxation impairs, far beyond need or reason, 26 TWO YEARS OF FAULTY TAXATION the incentive to effort and saving and, at the same time, makes all too smooth and easy the path of wasteful governmental spending.
These and other baneful effects directly trace- able to short-sightedly excessive and clumsy taxa- tion of capital, merely go to confirm old and tested truths well known to every student of taxation. Thus, for instance: An excessive tax destroys its own productivity. The great nations ...of Europe have been and are under an infinitely greater financial strain than our country was or is. The Cabinets in these countries have undergone many changes in the last five years. They have included Socialists and Representatives of Labor. In the determination of their taxation program they have had the assist- ance of the best economic brains of Europe. Eng- land, France and Italy are probably no less demo- cratic in their economic policies and purposes than we are. Yet, no European Government has deemed it wise and advantageous to the state to impose rates of income taxation as high as the upper grades of ours.
What to read after Two Years of Faulty Taxation And the Results?
You can find similar books in the "Read Also" column, or choose other free books by Kahn Otto Hermann to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Our taxation impairs, far beyond need or reason, 26 TWO YEARS OF FAULTY TAXATION the incentive to effort and saving and, at the same time, makes all too smooth and easy the path of wasteful governmental spending.
These and other baneful effects directly trace- able to short-sightedly excessive and clumsy taxa- tion of capital, merely go to confirm old and tested truths well known to every student of taxation. Thus, for instance: An excessive tax destroys its own productivity. The great nations ...of Europe have been and are under an infinitely greater financial strain than our country was or is. The Cabinets in these countries have undergone many changes in the last five years. They have included Socialists and Representatives of Labor. In the determination of their taxation program they have had the assist- ance of the best economic brains of Europe. Eng- land, France and Italy are probably no less demo- cratic in their economic policies and purposes than we are. Yet, no European Government has deemed it wise and advantageous to the state to impose rates of income taxation as high as the upper grades of ours.
What to read after Two Years of Faulty Taxation And the Results?
You can find similar books in the "Read Also" column, or choose other free books by Kahn Otto Hermann to read onlineMoreLess
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