The Greatest Messages of All Time

Taxes are necessary

Fred Thompson

"Taxes are necessary. But they don't make the country any better off. At best they simply move money from the private sector to the government. But taxes are also a burden on production, because they discourage people from working, saving, investing, and taking risks. Some economists have calculated that today each additional dollar collected by the government, by raising income-tax rates, makes the private sector as much as two dollars worse off. To me this means one simple thing: tax rates should be as low as possible. This isn't anything ideological, and it really isn't some great insight. It's common sense arithmetic."

Society Messages

Compiled by Thomas George