The taxman (extortionist) is coming

posted by
March 28, 2011
A Passion for Liberty
by Tibor R. Machan  
Posted in Commentary

"For most people taxation is a burden that’s accepted in large part because they know the alternative is worse. As a friend pointed out, it is like dealing with someone who holds you up in a back alley: 'Your money or your life!' To put up a fight can be fatal and up to a point almost everyone can tolerate the loss. But as the economist Arthur Laffer observed, everyone has a point at which no further taxation can be lived with. Kind of like pain -- we can all put up with some of it and will not succumb until the level is just too high. But it is never a good thing." (03/27/11)

http://tinyurl.com/4ttkrjs  

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