Why Tax Increases Are The Wrong Approach
Dan Mitchell posts a great video at Big Government that explains seven reasons for opposing higher taxes. Narrated by Piyali Bhattacharya of Young Americans for Liberty, the video lists the following reasons to oppose higher taxes:
- Tax increases are not needed
- Tax increases encourage more spending
- Tax increases harm economic performance
- Tax increases foment social discord
- Tax increases almost never raise as much revenue as projected
- Tax increases encourage more loopholes
- Tax increases undermine competitiveness
The bottom line, however, is:
“(T)ax increases are a bad idea – unless you favor bigger government."
The video takes only seven minutes of your time. Inform yourself so you can inform the political elite as well as your neighbors.
The video is also available at You Tube.