Bearable Quote by Henry Hazlitt
“The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax burden grows beyond a bearable size, the problem of devising taxes that will not discourage and disrupt production becomes insoluble.”
About This Quote
Source Book: Economics in One Lesson, 1949
Excessive taxes discourage production and employment, making fiscal policy unsustainable.
In simple terms: High taxes hurt jobs.
Balance tax rates to sustain growth.
Themes
Mood
Type
When to use this quote
- budget planning
- business strategy
- public policy debates
Key Concepts
Questions to Reflect On
- How much tax is optimal?
- What alternatives support production?
Tax cuts can reduce public services.