The Fallacy Behind Higher Tax Rates
Posted by Benjamin Dona on Wednesday, May 21st, 2008 at 5:44pm.
I ran across an excellent article today by David Ranson in the Wall Street Journal. It has to do with a review of economic data about the federal tax system written by Kurt Hauser. Published 15 years ago, Mr. Hauser stated "No matter what the tax rates have been in postwar America, tax revenues have remained at about 19.5% of GDP." Ranson has dubbed it "Hauser's Law" and laments in his article "What a pity it is that his discovery has not been more widely disseminated."
With all the political drivel about how the wealthy have to pay their fair share or how those who have been more successful owe a duty to those who have been less so, the wealth redistribution crowd's demands for higher tax rates just doesn't hold water when you look at the reality of the numbers. Such a review should be mandatory and the facts should be repeated over and over again until the masses in this country wake up and see this "lets raise taxes" idea for what it truly is - a charade to pick your pockets. I learned at a very young age that numbers usually don't lie. Politicians and elitists do, on a regular and never ending basis. You can read Mr. Hauser's article here.
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About the Author
Benjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.
Contact Benjamin Dona at 239-948-3955
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