Poverty was Plummeting until the Dems stepped in to help
By The Real Side -
Jun 27, 2019
ne of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity and quality of labor and capital. These “factors of production†are combined to generate national income.
I frequently grouse that punitive tax policies discourage capital. There’s less incentive to invest, after all, if the government imposes extra layers of tax on income that is saved and invested.
Bad tax laws also discourage labor. High marginal tax rates penalize people for being productive, and this can be especially counterproductive for entrepreneurship and innovation.
https://therealside.com/2019/06/poverty-was-plummeting-until-the-dems-stepped-in-to-help/
