Earlier quoted context omitted.
There is no evidence for that. Markets don't randomly stop working because you tax people – they would be quite useless tools if they were that fragile. > Generally interfering with social processes through top-down cookie cutter measures leads to negative unintended consequences, because the rationale behind said intervention is based on an overly simplistic understanding of a highly complex system. If my understand…
There is plenty of evidence for that, that economists have documented for nearly a century. For example, there is a very strong negative correlation between government spending, as a percentage of GDP, and economic growth: https://web.archive.org/web/20170821004405/http://ime.bg/upl... And no markets will not "stop working". They'll work less effectively. >>If my understanding of the system seems highly simplistic, i…
Not really? There are other countries than the US which have had a significantly larger government (as well as higher taxes), or so called mixed-economies, that did just fine or even great?
It seems rather bad faith to omit such glaring examples when trying to prove a point.
As a side point, there's a discussion to be had regarding economic growth and GDP. Those measurements don't measure the well-being of a society, just economic activity. So we have countries with much lower GDP per capita but much also happier.