Quote:
Originally Posted by the urban politician
You are mixing up correlation with causation.
High taxes do not cause a place to be economically productive. There is no means by way that can happen.
High taxes usually follow rising economic productivity. NYC isn't rich because it has high taxes. You do understand this, right?
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Taxes pay for the investments that create economic growth. The internet, mobile telephony, the basic research that's responsible for nearly every small molecule therapeutic, the interstate highway system;
trains.
The purchase of the center of the continent from the French. All of that required taxes and spending by a commonwealth.
Some investments can only be made by a group of people. People need to pool their money to make those investments. If that money is wasted, it's wasteful and inefficient. If that money creates the internet, the returns can be astronomical.
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