October 23, 2013 at 11:18 pm #18033
“economic progress depends on the extent to which taxing transfers command over resources out of private hands into the hands of the state. Interestingly, this has little to do with tax rates”
Can you elaborate on this?
“The portion of GDP controlled by the government has stayed remarkably consistent since the early 1950s regardless of tax rates.”
I’m still not quite clear what the implications of this is, and how it applies to the claim that high taxes causes economic growth.