Unintended consequences

Unintended consequences

Cry Wolf Quotes

[The income tax would] divide the population into two classes, the class which contributes to the support of the Government, and the class which does not contribute.

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In 1910, the Albany Evening Journal, a partisan Republican paper.
01/01/1910 | Full Details | Law(s): Tax: Income

Such a tax inevitably discourages capital investment that is so important for the development of new energy resources. There is a definite psychological effect on investors who know that any success will be subject to a tax that could consume almost the entire profit.

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Walker Winter, of the U.S. Chamber of Commerce, Statement at the House Committee on Ways and Means.
02/05/1974 | Full Details | Law(s): Windfall Profits Tax

Minimum wage laws may very well be the most anti-poor laws envisioned by modern government policymakers.

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LaFaive, Michael D., Mackinac Center for Public Policy.
11/01/1997 | Full Details | Law(s): Minimum Wage

Youth unemployment is three times the overall unemployment rate, and for minority youth it is much, much higher. Let us not make the problem worse by enacting a minimum wage which denies young people jobs.

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Arthur Ravenel (R-SC), Congressional Record.
05/17/1989 | Full Details | Law(s): Minimum Wage