the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.
Henry HazlittAbout author
- Author's profession: Philosopher
- Nationality: american
- Born: November 28, 1894
- Died: July 8, 1993