70 of 80 people found the following review helpful
Straight to the point!,
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This review is from: "Trickle Down Theory" and "Tax Cuts for the Rich" (Paperback)
13 pages of facts and meat. Non-partisan facts about tax revenue and how to create it. Lower taxes increase revenue. Sowell does a great job of distinguishing between the goals of redistribution of wealth and generating tax revenue. Distinguishing the two is essential in making a point. I have already given this book to my 20 year old son and am ordering more to give away.
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Showing 1-3 of 3 posts in this discussion
Initial post: Nov 20, 2012 3:49:00 PM PST
L. Kennedy says:
Does Sowell claim that reducing tax (rates) will increase tax receipts? That's not necessarily true that one will cause the other. We don't really know on which side of the Laffer Curve we're on. I say reduce tax rates (on the producers) because it's morally the right thing to do. Though I don't know if that will increase or decrease tax receipts; I don't think anyone does know.
In reply to an earlier post on Apr 12, 2013 5:41:34 PM PDT
Last edited by the author on Apr 12, 2013 5:42:08 PM PDT
Kindle Customer says:
There is historical evidence that reducing tax rates increases receipts, read Taxation The People's Business by Mellon and it is laid out as are the revenues received during the various times where taxes were reduced and receipts increased.
In reply to an earlier post on Sep 9, 2013 7:40:32 AM PDT
I'm reminded of Jules Verne's sneering comment about scientists who could prove--with all sorts of fancy equations--that birds can't fly. Very impressive, but open up your eyes!
How can it be that intelligent people continue to listen to this nonsense about reducing tax rates increasing revenues when we have 30 years of experience showing that it leads to more debt? This is economics for the super-rich. They pay less taxes...the rest of us get screwed. Kids are having to shoulder $100K and more to get a college education, we're closing schools and libraries, our bridges are collapsing, our electric grid is overloaded, mass transit is abysmal and people spend hours each week sitting in smoggy parking lots called "freeways".....
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