Monday, September 10, 2012

Diminishing Returns

The latest Prager University course offering is on tax rates and revenue:

Do you know someone who thinks France's new 75% tax rate on "the rich" is a great idea and should be adopted here in the United States? Perhaps you know people who think it's just common sense that raising tax rates raises more revenue for the government.

If so, ask them to watch our latest course "Do High Taxes Raise More Money?" Have some smelling salts ready. They're in for a shock, hopefully one that will bring them back to their senses.

The lecturer is Tim Groseclose, Professor of Political Science and Economics at UCLA. This is his second Prager University course. Here he explains the relationship between tax rates and tax revenue. It's fascinating, compelling and clear.