An Economic Fact Of Taxation

Politicians may concede the danger of budget deficits by agreeing to balance their finances with higher taxes to meet enormous outlays.

But they never reduce those expenses sufficiently to get at the root-cause of economic problems. Government spending, by its very nature, along with huge taxation, are taking needed capital and working cash that business must have for operating and expanding business.

Higher tax rates always tend to reduce tax revenues. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)