More evidence (from Europe!) that high tax rates harm economic growth and general prosperity. Barack Obama, take note.
I’ve already shared a bunch of data and evidence on the importance of low tax rates.
A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth.
An economist from Cornell found lower tax rates boost GDP.
Other economists found lower tax rates boost job creation, savings, and output.
Even economists at the Paris-based OECD have determined that high tax rates undermine economic performance.
And it’s become apparent, with even the New York Times taking notice, that high tax rates drive away high-achieving people.
We’re going to augment this list with some additional evidence.
In a study published by a German think tank, three economists from the University of Copenhagen in Denmark look at the impact of high marginal tax rates on Danish economic performance.
Here’s what they…
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