High Taxes Does Effect Behavior, Mr. President, and Treats People in a Punative Manner, Especially the Rich


Raising the tax rate is always argued from the point of view of increasing revenues for governments. What is very seldom heard is how high tax rates effect the behavior of people. As my regular readers know I have written many posts on some of the effects taxes has on the behavior of people. And as this story in the Wall Street Journal reveals it not only effects the behavior of people but it also has a negative effect on the revenues of the taxing governments.
Another case for self-interest over the altruistic viewpoint of a Socialized government.
———–

‘As the post-Olympics glow fades, U.K. policy makers are trying to figure out how to keep the flame of British sports burning. They could start by changing Her Majesty’s tax laws. After Jamaican sprinter Usain Bolt won his third gold in London last week, reporters asked him why he doesn’t compete in the U.K. more often. “As soon as the law changes I’ll be here all the time,” he said.

Punitive tax policy had kept the world’s fastest man from competing in Blighty for the past three years. Explaining Mr. Bolt’s decision to skip a 2010 race in London, his agent told reporters: “He will earn a lot less by competing in Britain if he maintains his current endorsement level.” Mr. Bolt competed in Paris that August instead.

The lesson is that taxes influence behavior, and punitive taxation hurts everyone, not least the punitive nation.’

Advertisements
Categories: Politics | Tags: , , , , , | 2 Comments

Post navigation

2 thoughts on “High Taxes Does Effect Behavior, Mr. President, and Treats People in a Punative Manner, Especially the Rich

  1. It’s so simple a child could understand it, but it’s still too difficult for politicians.

  2. The Griper

    What is the name of that show,” Are you smarter than a fifth grader”?

Be respecful or your comment will be deleted. Also know that Alinsky tactics do not phase me

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: