Unanimous Consent and the Utopian Vision

Unanimous Consent and the Utopian Vision, by L. Neil Smith: " With taxation gone, not only will we have twice as much money to spend, but it will go twice as far, since those who produce goods & services won't have to pay taxes, either. In one stroke we'll be effectively four times as rich. There's no simple way to estimate the cost of regulation. Truckers say they could ship goods for one-fifth the present price without it. Many businesses spend a third of their overhead complying with stupid rules & filling out forms. The worst damage it does is to planning. Since you don't know what next year's whim of Congress will be, how can you plan? Plans that require ten, twenty, fifty years to nature? Might as well forget them. Let's figure that deregulation will cut prices, once again, by half. Now our actual purchasing power, already quadrupled by deTAXification, is doubled again. We now have eight times our former wealth!"

Tagged: Old
Posted: August 11, 2003