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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.” quote by Daniel J. Mitchell
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“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.”

Daniel J. Mitchell

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.

Key Takeaway

Reform tax policy to protect seed capital.

Themes

economics tax policy investment growth incentives

Mood

concerned analytical

Type

policy economic

When to use this quote

  • business planning
  • government budgeting
  • entrepreneurial financing
  • policy advocacy

Key Concepts

public finance behavioral economics growth theory

Questions to Reflect On

  • How can we balance revenue needs with growth incentives?
  • What alternatives exist to double taxation?
A Different Perspective

Tax revenue may fall if rates are lowered too much.

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