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Individualized tax incentives are usually bad for everyone else, but having lower taxes across the board encourages governments to be more efficient with their
by mminer237 3y ago
Individualized tax incentives are usually bad for everyone else, but having lower taxes across the board encourages governments to be more efficient with their resources and directly benefits the citizenry.
- idiotsecant 3y agothat seems obviously falsifiable. California taxes are quite high and the state of California seems to be a great deal more successful than just about any other state in the nation. It seems like the test has been run and the results are available.
- kagakuninja 3y agoWhen people move to Texas because there is no income tax, they discover that TX makes up for the difference via higher property tax. I hear anecdotes that for ordinary people, their taxes went up after moving to TX. There is no free lunch. "Red states" tend to favor tax structures that are regressive and place greater burden on low/middle income people. "Blue states" often try and tax wealth and corporate income and use the money to provide more services.
- mminer237 3y agoAre you saying California is rich because it has a high tax rate? I think there may be other geographical and historical reasons for that. Monaco has an even higher GDP and no income tax. Plus, obviously provided services can make up for the lack of taxes. I'm just saying lower taxes, all other things being equal, are a good thing.