Month: December 2007
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Government: BAD? — Part 3: Taxes and GDP Growth
Do higher taxes result in slower growth? That’s the basic assertion made by tax-cut advocates. If we lower taxes, we’ll grow faster and all boats–rich and poor–will rise. It’s a great idea. Too bad it’s not true. Few will disagree that in the short term (generally), tax increases impede growth. But over the long term…
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Government: BAD? — Part 2: American Prosperity
Update: For those who prefer the (in this case unequivocal) aggregate opinions of economists and econometricians who have studied this subject, I recommend this review of those experts’ efforts. Their conclusions resoundingly debunk the faith-based spending-and-taxes-kill-growth belief system (even as some of those experts continue to cling to it in direct contradiction of their own…
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Government: BAD? — Part 1 of a Series
Are government, taxes, and spending really such irredeemably bad things?