the larger the percentage of the national income taken by t… - Henry Hazlitt

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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

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government poverty burden crushing tax

English

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About Henry Hazlitt

Henry Stuart Hazlitt (November 28, 1894 – July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.

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Alternative Names: Henry Stuart Hazlitt

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The thing so great that “private capital could not have built it” has in fact been built by private capital — the capital that was expropriated in taxes

Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.

In brief, on net balance, machines, technological improvements, economies and efficiency do not throw men out of work.

the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax bu… - Henry Hazlitt

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