Taxpayers and Tax Spenders
Does a Zero Tax Price Matter?
By Jody W. Lipford, Bruce Yandle
This article appeared in the Spring 2012 issue of The Independent Review.
James Madison and John Calhoun were right to worry that the wrong fiscal regime would spell the demise of limited government. The enactment of the federal income tax eroded a traditional constraint on government spending and set the stage for the redistribution of wealth from taxpayers to tax consumers.
Economic History and DevelopmentEconomic PolicyEconomyFederal Tax PolicyFiscal Policy/DebtGovernment and PoliticsGovernment Waste/PorkPublic ChoiceTaxesTaxes and Budget
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