Thursday, December 20, 2012

John Maynard Keynes on taxation:
[T]o create wealth will increase the national income and that a large proportion of any increase in the national income will accrue to [the Federal treasury]...

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.
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