Wednesday, February 8, 2012

My Letter to the Wall Street Journal re: Economic Ignorance

Re: US Lays Out Plan to Curb Overseas Tax Dodges

Dear Sirs:
The only means of increasing prosperity is to apply more capital goods to the production process. Taxing capital away makes us poorer than we would otherwise become. The US government is ignorant of this basic law of economic science, choosing instead to kill the goose that lays the golden egg in the name of...what? isn't a more prosperous future.

Patrick Barron

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