Let's take the nine states that have no income tax and compare them with the nine states with … - Arthur Laffer

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Quote of the day

There is no heresy or no philosophy which is so abhorrent to the church as a human being.

Arthur Laffer

Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.

Amount, Economic, Groups, Income, Rates, Zero

Same Author Quotes

Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity.

Government, Looks, Taxation, Person

It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money.

Money, Sailor, Congress, Like, True, Spend

What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

Christmas, Father, Years, Staff, Free, Bad

And just remember, every dollar we spend on outsourcing is spent on U. S. goods or invested back in the U. S. market. That's accounting.

Dollars, Remember, Outsourcing, Spend, Accounting

Let me just try to give you sort of the intuitive one here on the stimulus funds. If you have a two-person economy - let's imagine we have two farms, and that's the whole world, just two farms. If one of those farmers gets unemployment benefits, who do you think pays for him? Am I going way over your heads today?

Thinking, Two, Giving, Economy, Farmers, Unemployment