Wednesday, September 4, 2019

Taxing Prosperity

Working so hard like a soldier
Can't afford a thing on TV
Deep in my heart I'm a warrior
Can't get food for the kid, good God
--Eddy Grant

Productivity improves when producers narrow their task portfolios and produce specialized output. Prosperity improves when that specialized output trades freely.

Taxes on any aspect of the process:

production (income tax)
consumption (sales, excise tax)
trade (tariff)

...amounts to a tax on prosperity.

If you oppose a particular tax, such as tariffs, but are ok with other taxes, such as income tax, then you should examine your train of logic.

Or your political motives.

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