A passionate, detailed, quantified argument for state-level
tax reform
An Inquiry into the Nature and Causes of the Wealth of
States explains why eliminating or lowering tax burdens at the
state level leads to economic growth and wealth creation. A
passionate argument for tax reform, the book shows that even states
with small populations can benefit enormously with the right
policies. The authors’ detailed exposition evaluates the
impact state and local government policies have on a state’s
relative performance and economic growth overall, backed up with
economic data and analysis.
Facts don’t lie. But they do point clearly to the failure
of so-called progressive tax schemes designed more to curry favor
with selected constituencies than to create an economic system that
leads to individual wealth as the reward for hard work and
entrepreneurial risk taking. An Inquiry into the Nature and
Causes of the Wealth of States is a detailed and critical look
at income taxation across the nation, and drills down into an
analysis of the economic growth or malaise that results from tax
policy. Arguing eloquently that a state cannot tax itself into
prosperity, just as the impoverished cannot spend themselves into
wealth, the authors point out what many inherently know but often
fear to say out loud. The book provides detailed quantitative
analysis, and discusses the policy variables that can have enormous
effects on the financial well-being of states and individual
residents, such as:
* Personal and corporate income tax rates
* Total tax burden as a percentage of personal income
* Estate and inheritance taxes
* Right-to-work laws
An Inquiry into the Nature and Causes of the Wealth of
States shows everyone how to evaluate state-level fiscal and
economic policies to become more competitive.
Over de auteur
ARTHUR B. LAFFER, Ph D, is the founder and chairman of Laffer Associates, an economic research firm focusing on interconnecting macroeconomic, political, and demographic changes.
STEPHEN MOORE is chief economist at The Heritage Foundation. He focuses on budget, tax, and monetary policy.
REX A. SINQUEFIELD was a co-founder and director of Dimensional Fund Advisors LP. Since retirement, he has become one of Missouri’s leading philanthropists and a dedicated supporter of public policy change.
TRAVIS H. BROWN is the CEO and co-founder of Pelopidas, LLC, a public affairs and issue-advocacy firm. He frequently contributes to Fox & Friends and Forbes.com and is the author of How Money Walks.