“The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.” ReasonGovernmentGrowthNumbersEconomicTaxesIncomeFlawedEconomic GrowthDiscouragingIncome Tax Author:Mark Skousen
“Government schools, with your tax money, now discourage the teaching of multiplication tables by rote memorization but teach reading by the 'look-and-say' method which is memorization of spelling patterns. In doing so, they ensure that children will neither be able to read nor calculate.” LooksChildrenGovernmentAbleSchoolReadingEducationTeachTeachingTaxesMethodTablesPatternsDiscouragingSpellingMultiplicationMemorization Author:Greg Perry
“[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.” EffortRiskTaxesInvestmentRateFinancialProductionsIncomeChecksGoodsConsumptionIncentivesDiscouragingAvoidanceIncome TaxRisk-takingTax System Author:John F. Kennedy
“We're going to cut taxes, deregulate to try to create general pro-growth conditions, at the same time, much more than any other Republican ever before, [Donald Trump] is going to focus on trying to tighten the labor market directly through discouraging outsourcing and tightening up on immigration, all towards the goal of actually increasing wages, that's a new focus for the Republican Party and a very important one.” TryingImportantGoalGrowthPartyFocusCuttingConditionsTrumpRepublicanTaxesLaborImmigrationWagesRepublican PartyDiscouragingOutsourcing Author:Rich Lowry
“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank
“One measure for promoting both stability and fairness across financial market segments is a small sales tax on all financial transactions - what has come to be known as a Robin Hood Tax. This tax would raise the costs of short-term speculative trading and therefore discourage speculation. At the same time, the tax will not discourage "patient" investors who intend to hold their assets for longer time periods, since, unlike the speculators, they will be trading infrequently.” TaxesPatientFinancialStabilityInvestorsFairnessTradingSpeculationDiscouragingHoodRobin Hood Author:Robert Pollin