Parmenides
Supreme [H]ardness
- Joined
- Apr 25, 2006
- Messages
- 6,578
Not true as a general principle - at best, it depends on where we reside on the Laffer curve. Given the current marginal tax rates in the US, I'd be shocked if that were the case now. (I don't think there are too many people here who are working less because of how much we pay in taxes. That primarily only happens with the wealthy.)
In the past decade or so, on the federal level at least, less is more. It does get harder to measure on the state level because states spend so much in subsidies. We get various states competing in bids to 'acquire' a large plant to be built on their own turf.
Currently the bigger problem is the threat of radical changes to the economic climate. Small businesses (where most new jobs are made) are too scared to hire because of too much uncertainty on which new economic laws will get passed.