The true cost of tax hikes

OC Register ^ | 12/3/03 | Gary M. Galles

[NormsRevenge]

Gov. Arnold Schwarzenegger has proposed the first small installment of spending cuts that will be necessary for California to start closing its budget chasm. In response, he is being pilloried for the alleged unfairness of each cut. And the Democrats in Sacramento are using (if not orchestrating) the outcry to maneuver for their still-favored tax increases instead - especially since a Republican can be forced to bear the heat.

[NormsRevenge]

Gary M. Galles is a Pepperdine University economics professor.

[NormsRevenge]

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[concentric circles]

This is an excellent commentary on a subject that is seldom covered by the news media; the costs of taxation and regulation beyond the actual dollar value of the tax itself.

We need to repeat again and again, reduction of taxes and regulations unchain an economy and produce benefits beyond the mere value of the tax savings. This is a quantifiable example of the power of freedom.

[NormsRevenge]

Ping

[farmfriend]

The Short list and the Sacramento area list.

[Amerigomag]

The only cost effective law ever proposed by any government institution is the death penalty.

[B4Ranch]

If a CFO attempted to run a business following government practices, s/he would be put in jail for being solidly corrupt. Enron defense attornies, are you listening

[hedgetrimmer]

Bump

[E.G.C.]

BTTT!!!!!