We started this chapter by discussing the historically high levels of government spending that we have been experiencing. Because this spending must eventually be paid for out of taxes, we can now see the threat to economic growth and prosperity that is posed by high levels of government spending. Read More →
Monthly Archives: February 2012
The Relevance for Today
Taxation and Innovation (II)
The best runners and rebounders and hitters and passers would get the biggest increase in tax bills. What are the likely consequences? Overall performance would suffer. Athletes would spend less time working out in the off-season. They would spend less time practicing year round. They would devote less effort to studying their opponents—the list goes on and on. Read More →
Taxation and Innovation (I)
Surely many things motivate all individuals, including innovators, great and small. One of these motivating factosrs may reasonably be assumed to be financial success. (We say this because there is a vast body of evidence that financial success is one of the motivators of human beings in virtually all walks of life.) Read More →
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