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PV Quiz: What Liberal Economic Icon Knew That High Tax Rates Didnít Work? ^ | 4/9/09 | Tom Del Beccaro

Posted on 04/10/2009 8:19:13 AM PDT by usflagwaver

This issue is seminal in America today. This issue of taxes. Frankly, it has been so on and off throughout history. Indeed, there have been taxes and tax protests in nearly every age. So in 81 BC, Chinese farmers protested land taxes especially in that time of a low crop yield. In 37 AD, in response to Emperor Theodosius' new taxes, which he piled onto existing taxes, the residents of Antioch rioted and destroyed statues of the Emperor himself. And, let us not forget what taxation without representation meant to these United States.

Sadly, this issue of taxation is portrayed as partisan issue. Conservative if you are for lower taxes, somehow moderate or liberal if you want or accept higher tax rates.

It should be neither. It should be a simple matter of economics and common sense. Both economics and common sense dictate but this one conclusion: Higher tax rates produce less revenue over time than lower tax rates. Won’t take my word for that? Then perhaps you should consider Ibn Khaldun, a 14th century Muslim philosopher, who wrote in his work The Muqaddimah: "It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments."

In other words, the higher the tax rate, the low the tax revenue yield. For a more modern version of what should be known to all after centuries of economic history, consider these words:

(Excerpt) Read more at ...

TOPICS: Politics
KEYWORDS: taxrates

1 posted on 04/10/2009 8:19:13 AM PDT by usflagwaver
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To: usflagwaver
Ugh. I hate it when they get the dates wrong.

Tiberius Julius Caesar Augustus
Roman Emperor from 14 AD to March 37 AD (He drank himself to death on Capri at the tender age of 77.)

Gaius Julius Caesar Augustus Germanicus, AKA Caligula (Latin for Booties - I doubt anyone called him that to his face.)
Roman Emperor March 37 AD to 41 AD (Whacked by the Praetorian Guard.)

Flavius Theodosius AKA "Theodosius the Great"
Roman Emeror 378 AD to 392 AD (Died of heart problems at 47, should have taken better care of himself.)

2 posted on 04/10/2009 8:49:53 AM PDT by InABunkerUnderSF (Be There >>>
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