The larger the percentage of the national income taken by taxes the gr…

Henry Hazlitt
36 citations
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 (2010). Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics, p.35, Crown Business
Hope
8

More Author Quotes

When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is wh … ▶
When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business. ✨ Henry Hazlitt (2010). Economics in On … ▶
To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than the stool to the piano. ✨ Henry Hazlitt (2016). T … ▶
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks … ▶
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a th … ▶

More Author Quotes

Most Cited Authors

The Best Quotes

Most Liked Authors

Curated Author Quotes