"The larger the percentage of the national income……" — Henry Hazlitt

The larger the percentage of the national income taken by taxes the… - 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."

Henry Hazlitt

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