Topic: Tax
Quotes
Ronald Coase, “The Nature of the Firm” (1937)
- If we consider the operation of a sales tax, it is clear that it is a tax on market transactions and not on the same transactions organised within the firm.#
F.A. Hayek, The Constitution of Liberty (1960)
- Because unions are most powerful where capital investments are heaviest, they tend to become a deterrent to investment – at present probably second only to taxation.#
Ludwig Von Mises, Planning for Freedom (1952)
- If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.#
Posts
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Why Are There Taxes? Or, Taxation Isn't About Revenue
In a recent post on the concept of a “stock of savings”, I argued: In a proper money economy investment does not depend on anyone’s conscious decision to save. All it requires is the purchasing power to bid away resources into investment use. This purchasing power can be amassed by abstaining . . .