Corn Quote by Daniel J. Mitchell
“All the forms of double taxation in the current system are punitive and self-destructive because they are literally destroying people's incentive to provide that seed corn for future economic growth.”
About This Quote
Source Speech: Economic Policy Forum, 2019
Double taxation discourages investment by eroding the incentive to fund future growth.
In simple terms: Taxes reduce investment incentives.
Reform tax policy to protect seed capital.
Themes
Mood
Type
When to use this quote
- business planning
- government budgeting
- entrepreneurial financing
- policy advocacy
Key Concepts
Questions to Reflect On
- How can we balance revenue needs with growth incentives?
- What alternatives exist to double taxation?
Tax revenue may fall if rates are lowered too much.