Loading

Friday, August 06, 2010

How Raising Taxes Decreases State Revenue

When A Dollar Leaves The State Due To A Consumer Crossing The Border To Buy A Less Expensive Good Or Service, It Becomes Someone Else's Income.

When This Person Spends The Dollar On A Less Expensive Good Or Service, It Becomes Another Person's Income To Be Spent Again On Another Good Or Service, Ad Infinitum.

Each Time The Dollar Is Spent Out Of The State, It Loses Potential Tax On That Item.

As The Slogan Goes, "Once Bitten, Twice Shy".

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home