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If the generated taxes flow back into the economy by building roads, bridges, etc. - that is considerably better than sitting in an offshore bank account.
by wstrange 10y ago
If the generated taxes flow back into the economy by building roads, bridges, etc. - that is considerably better than sitting in an offshore bank account.
- ArkyBeagle 10y agoYou'd have to construct a model where you guess the impact of the taxes vs. the impact of potential investment of the same money otherwise. I suspect this is harder than it looks because it isn't discussed much ( although it could be that people simply repeat their ideology rather than trying to make it empirical ). Not all bridges and roads are equally valuable. And in some areas, the dominant method of financing new roads is through tolls. I once estimated the number of man-years per day lost to congestion on I75 in Dallas around 1985 . It was quite the figure.
- gadders 10y agoYes, because central government always allocates money more efficiently and with less wastage.