I frequently visit BlueRacine.blogspot.com, a fringe left web site run by a Kay from Burlington. Recently she was lamenting the loss of life caused by Republican attitudes towards taxes that leave people to die due to lack of medical care. So I posed the question as to whether high taxes might also be fatal to some. She seemed never to have contemplated the question.
To her credit, she asked me to elaborate, which I did, in the following manner. High levels of taxation leave us with less money in our pockets, all other things being equal. As such, we may well end up purchasing used tires instead of new, we might forgo an alarm system in our home, we might drive instead of fly. Each of these decisions that we might make because of higher taxes will leave us marginally less safe. Multiply these increased risks by millions of people and certainly some will die as a result of higher taxes. Also, I explained, high taxes decrease the incentive to take financial risks. Why risk millions to develop a life saving medicine if the government will take most of your profits. There is a reason why life saving innovations come from mostly free countries like ours and not Cuba and North Korea. Freedom, including economic freedom, are needed in order to have the mind boggling array of products and services that most of us take for granted. And high taxes rob us of our freedoms as well as the great things that free people can produce. Yes, high taxes are deadly.