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Taxes are necessary. but the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. it is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
-Ludwig Von Mises
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Taxes Are Necessary. But The System Of

Ludwig Von Mises
Taxes are necessary. but the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. it is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs.
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Successful Progressive Taxation Names

More From Ludwig Von Mises

The left does understand how raising taxes reduces economic activity. how about their desire for increasing cigarette taxes, soda taxes? what are they trying to do? get you to buy less. they know. they know that higher taxes reduce activity. it's real simple: if you want more of an activity, lower taxes on it. if you want less of an activity, raise taxes. so if you want more jobs? it's very simple. you lower payroll taxes. if you don't want as many jobs, then you raise corporate taxes. it's that simple, folks.
Real Simple Desire
Suggestion of the communist manifesto was 'abolition of all right of inheritance.' looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by marx. estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. they are measures of expropriation.
Past Goal Suggestions
There are 11 states in the united states that in the last 50 years instituted an income tax. so i looked at each of those 11 states over the last 50 years, and i took their current economic metrics and their metrics for the five years before they put in the progressive income tax... every single state that introduced a progressive income tax has declined as an overall share of the u.s. economy.
Years United States Income
If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, i believe a large amount of their difference is due to taxes. not only is it true of the last decade, but i took these numbers back 50 years. and, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
Zero Believe Years
Your profits are going to be cut down to a reasonably low level by taxation. your income will be subject to higher taxes. indeed in these days, when every available dollar should go to the war effort, i do not think that any american citizen should have a net income in excess of $25,000 per year after payment of taxes.
War Cutting Thinking
It is easier to start taxes than to stop them. a tax an inch long can easily become a yard long. that has been the history of the income tax. would not the sales tax be likely to have a similar history [in the u.s.]? ... canadian newspapers report that an increase in the sales tax threatens to drive the mackenzie king administration out of office. canada began with a sales tax of 2%.... starting this month the tax is 6%. the burden, in other words, has already been increased 200% ... what the u.s. needs is not new taxes, is not more taxes, but fewer and lower taxes.
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