Tax day came and went this week, ironically moved to the 17th due to Washington DC celebrating “emancipation day.” Washington’s addiction to spending keeps tax rates high, while the labyrinthine enriches lobbyists while causing headaches for Americans across the country. As Ludwig von Mises write in Human Action, “The metamorphosis of taxes into weapons of destruction is the mark of present-day public finance.”
The cost of taxation isn’t limited to what government takes out of taxpayer wallets.
This post was published at Ludwig von Mises Institute on April 22, 2017.
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