Revenue

I want to very quickly explain something about government revenue. Almost all of the money government uses comes from what we do every single day. - See usgovernmentrevenue.com - Your labor, efforts, investments, and so forth are partially confiscated by government.

The more money that federal, state, and local governments take out of the economy the slower it will grow or in our current situation, the faster it will shrink. What happens in principle is you get less of anything you tax. So, if you tax income you get less income; if you tax business you get less business, etc.

Likewise, if you tax something less you will get more of it. Too few people understand this simple concept, and you have a responsibility to inform your family and your neighbors of true principles that will help them -- THIS IS ONE THAT YOU NEED TO TEACH THEM!

When an economy has more income, more business, and more investment, that economy will grow. That is what happened in the early 1980's. We lowered taxes for everyone and we came back from the mess that Jimmy Carter got us into.

This concept is discussed with quantitative figures in a well written article by Louis Woodhill from the Club for Growth.