Is heavy taxation bad for the economy?

Lane Kenworthy demonstrates that anti-tax zealots’ predictions of economic apocalypse are about as credible as other doomsayers.

Is heavy taxation bad for the economy?:

Taxes reduce the payoff to entrepreneurship, investment, and work effort. If taxation is too heavy, these disincentives will weaken a nation’s economy. But at what point does the harmful impact kick in? And how large is it?

Continue reading “Is heavy taxation bad for the economy?”