Unintended consequences

Unintended consequences

Cry Wolf Quotes

It should have been obvious from experience—but wasn’t—that additional hard work, genius, creativity and risk-taking were all discouraged by high marginal tax rates.

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Reagan Treasury Secretary Donald Regan’s Address to the Business Council, 1984.
01/01/1984 | Full Details | Law(s): Tax: Income

The burden placed on nonprofit agencies employees will be tremendous…Homeless shelters, community development groups and social service agencies likely will need to reduce the number of their services to the most needy citizens in Detroit in order to comply with the wage hike.

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Editorial, Crain’s Detroit Business.
11/02/1998 | Full Details | Law(s): Living Wage

Confiscation of private wealth does not make the public or even its agent, the government, rich. It does not create equality of wealth, but an equality of poverty.

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Chicago Daily Tribune.
01/17/1932 | Full Details | Law(s): Tax: Estate

Where we are headed for, you are not going to see those cool, little local restaurants. You are going to see a bunch of corporate restaurants, and the rest of the city is going to look like the restaurant dynamic on Fisherman’s Wharf.

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Eric Rubin, a managing partner in the restaurant Tres Agaves, The San Francisco Chronicle.