A Quote by Antoine Destutt de Tracy
A tax is always a sacrifice which the government demands of individuals.While it only lessens every one's personal e?oyments, it only shifts expenses from one to another.But when it encroaches on productive consumption it diminishes public riches.
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I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
The government has, in all countries, a vast influence, in determining the character of the national consumption; not only because it absolutely directs the consumption of the state itself, but because a great proportion of the consumption of individuals is gained by its will and example.
...the individuals themselves, each in his own personal and sovereign right, entered into a compact with each other to produce a government: and this is the only mode in which governments have a right to arise, and the only principle on which they have a right to exist.
[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.
The hostility perpetually exercised between one man and another, is caused by the desire of many for that which only few can possess. Every man would be rich, powerful, and famous; yet fame, power, and riches, are only the names of relative conditions, which imply the obscurity, dependence, and poverty of greater numbers.
There is really nothing that can be done except by an individual. Only individuals can learn. Only individuals can think creatively. Only individuals can cooperate. Only individuals can combat statism.
It is your tax which pays for public spending. The government have no money of their own. There is only taxpayers' money.
The form of government which you admire, when its principles are pure is admirable indeed. It is productive of every Thing which is great and excellent among men. But its principles are as easily destroyed as human nature is corrupted. Such a government is only to be supported by pure religion or Austere morals.
Only in a free society do individuals have the best chance to seek virtue, strive for excellence, improve their economic well-being, and achieve personal happiness. The worthy goals of civilization can only be achieved by freedom-loving individuals. When government uses force, liberty is sacrificed and the goals are lost. It is freedom that is the source of all creative energy.
Government planning not only fails; it tends to produce outcomes that are the opposite of what its proponents say that they favor. The only stable and productive social system is one that embraces human liberty in its totality, and defends the market economy, private property, sound money, and peaceful international relations, while opposing government intervention as economically and socially destructive.
The Clinton tax increase - which was an increase in taxes primarily on upper-income people - not only made the tax code more nearly progressive, it preceded one of the most productive economic periods in American life.
The human race is always trying this dodge of making everything entirely easy; but the difficulty which it shifts off one thing it shifts to another.
Deceit for personal gain is one of history's most recurring crimes. Man's first step towards change would be thinking, counter-arguing, re-thinking, twisting, straightening, perfecting, then believing every original idea he intends to make public before making it public. There is always an angle from which an absolute truth may appear askew just as there is always a personal emotion, or a personal agenda, which alienates the ultimate good of mankind.
Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to every man whatever is his own.
If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.
There is another temptation which we must especially guard against: the simplistic reductionism which sees only good or evil; or, if you will, the righteous and sinners. The contemporary world, with its open wounds which affect so many of our brothers and sisters, demands that we confront every form of polarization which would divide it into these two camps.
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