You Want To Prove That Milton Friedman

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.

People Can Also Change The Timing Of When They Earn And Receive Their Income In Response To Government Policies.

The Tax Rate Increases Reduce Economic Growth; They Shrink The Pie; They Cause More Poverty, More Despair, More Unemployment, Which Are All Things Government Is Trying To Alleviate With Spending.

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.

The Income Effects In An Economy Always Sum To Zero.