Unless one understands how the system works, articles like this are manipulative. Government doesn’t impose “taxes” and doesn’t “cut taxes”. Government sets tax rates and offsets them with loopholes. How the taxpayer responds and what effect the new rates have on taxable income are what determines the effect on tax revenues. This is at the heart of…
I totally agree with that statement, so much so, I wrote about it in my book, “Incentives and the Environment”.
(Read for free here)
The chapter “Out-nurturing Nature” describes these problems, and the issue of when you make others pay for your self inflicted sickness, or of natural deficiency.