"We had a very nice experiment in 2017. We lowered taxes and investment grew substantially." Diana Furchgott-Roth, GWU.

Apr 08, 2021, 02:45 AM

Subscribe
Photo: Denarius of Geta

    In the terminal collapse of the Roman Empire, there was perhaps no greater burden to the average citizen than the extreme taxes they were forced to pay. 
   The tax ‘reforms’ of Emperor Diocletian in the 3rd century were so rigid and unwavering that many people were driven to starvation and bankruptcy. The state went so far as to chase around widows and children to collect taxes owed. --Business Insider.


By the 4th century, the Roman economy and tax structure were so dismal that many farmers abandoned their lands in order to receive public entitlements.


At this point, the imperial government was spending the majority of the funds it collected on either the military or public entitlements. For a time, according to historian Joseph Tainter, “those who lived off the treasury were more numerous than those paying into it.”

.




The New John Batchelor Show
CBS Audio Network
@Batchelorshow


"We had a very nice experiment in 2017. We lowered taxes and investment grew substantially." Diana Furchgott-Roth, GWU.

https://www.reuters.com/article/usa-tax-biden-idINKBN2BU2SO