Unintended consequences

Unintended consequences

Cry Wolf Quotes

[The estate tax] represents a real tax on capital, and such a tax is necessarily unsound and unscientific because it tends to defeat itself as a revenue producer.

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F.W. Denio, American Bankers Association, Washington Post.
10/24/1925 | Full Details | Law(s): Tax: Estate

The more efficient new cars won’t save a drop of gas until they’re purchased. If they don’t sell, not only energy conservation, but pollution and safety improvements will be set back.

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Unidentified GM Spokesman, Chicago Tribune.

About the only positive environmental impact this tax package will produce is that in destroying 400,000 American jobs, there will be fewer commuters driving their cars to work each day! Between the Clean Air Act and this proposed tax, this country will lose almost 20 percent of its refinery capacity by the end of the decade. In addition to the refinery problem, the tax is punitive to clean fuels, providing little incentives for industries to switch to more environmentally sound fuels like natural gas.”

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Jack Fields (R-TX), Congressional Record

Unfortunately, living wage laws may have an unintended consequence of causing low-wage workers to be replaced by higher skilled, more educated workers. Living wage ordinances hit hardest at new entrants to the labor force.

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Petition Opposing Living Wage Ordinance, Palm Beach County, Florida. Signed by groups including Greater Boca Raton Chamber of Commerce; Chamber of Commerce of the Palm Beaches; Northern Palm Beaches Chamber of Commerce; Greater Delray Beach Chamber of Commerce; Hispanic Chamber of Commerce of Palm Beach County, Inc.; Palm Beach County Hotel & Lodging Association; Florida Retail Federation; Florida Chamber of Commerce; Boynton Beach Chamber of Commerce; Jupiter Tequesta Juno Beach Chamber of Commerce; Sugar Cane Growers Co-Op; Palms West Chamber of Commerce.
10/02/2002 | Full Details | Law(s): Living Wage