«

»

Nov 25

In the past 70 years, 11 states introduced an income tax; ALL 11 have declined as a share of the overall U.S. economy

Government is a disease masquerading as its own cure. Wherever governments grow people become poorer, sicker and weaker.

In this eye-opening video, economist Art Laffer discusses his recent study of how American tax rates have impacted American health and well-being.

Over the past 70, years, says Laffer, 11 states launched a state income tax. Each of the 11 states have since declined as a share of the U.S. economy.

These states all argued that they needed a state income tax in order to fund good schools, libraries, roads and other public goods and services.

EIGHT of the 11 states declined in their provisions of public services. Their highway systems generally became WORSE compared to other states. So did their schools and hospitals.

In prior generations, wealthy donors such as Andrew Carnegie, Vanderbilt, Rockefeller and William Clark spent vast fortunes endowing libraries. Today, libraries are almost universally a provision of governments.

The same goes for church-created hospitals. Churches endowed major hospitals throughout early American history. In recent years, however, governments have essentially taken over the provision of medicine; and now the cost of medicine grows faster than inflation every year and medical mistakes kill more people than all other homicides combined.