Any tax over 12-14% -- regardless of the base -- will corrupt enough taxpayers to render the system unfair to all. So, beware of single-tax proposals. The U.S. government blows more money than any single tax can generate. The key is to tax multiple bases, disparate in nature, and with simple flat rates. That is a system both fair and sustatinable.
You May Also Like / View all maxioms
It is the duty of a good shepherd to shear his sheep, not to skin them.
It is the duty of a good shepherd to shear his sheep, not to skin them.
With various people complaining about "price gouging... economist Walter Williams has coined a new term: "Tax gouging." But government is read more
With various people complaining about "price gouging... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" — not even when they bulldoze people's homes in order to turn the land over to businesses that will pay more taxes.
I wouldn't mind paying taxes -- if I knew they were going to a friendly country.
I wouldn't mind paying taxes -- if I knew they were going to a friendly country.
Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.
Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.
New taxes should be a last resort, not an option
New taxes should be a last resort, not an option
The best way to relieve families from time to time is to let them keep some of their own money.
The best way to relieve families from time to time is to let them keep some of their own money.
Rich bachelors should be heavily taxed. It is not fair that some men should be happier than others.
Rich bachelors should be heavily taxed. It is not fair that some men should be happier than others.
In levying taxes and in shearing sheep it is well to stop when you get down to the skin.
In levying taxes and in shearing sheep it is well to stop when you get down to the skin.
The hardest thing in the world to understand is the income tax.
The hardest thing in the world to understand is the income tax.
