This is what happens when taxes are DRASTICALLY reduced --> Prosperity: A backwater becomes a teaming metropolis - alive.
http://online.wsj.com/article/SB10001424052748704530204576235163052635494.html?mod=WSJASIA_newsreel_technology
In a nutshell, the article says that Kansas City Kansas, the poor dismal brother to Kansas City, Missouri began experiencing a dramatic turnaround in its fortunes a few years ago when it decided to --- GASP --- offer tax incentives.
And now - as a further sign of its progress - the mighty Google has decided to bestow upon it the fastest internet in the country.
But while this is a good thing, one must keep the bigger picture in mind. Lowering taxes is merely government's way of belatedly and usually begrudgingly admitting that business pays all taxes and creates all prosperity.
An admission that governments usually only make in desperation as they acknowledge that without business, they (the government) will eventually cease to exist. Plain and simple.
Yet - history continues to demonstrate that as soon as governments get a taste of the prosperity companies create, they almost always begin killing the golden goose with their greed for higher taxes, corruption and utter bankruptcy of competence due to their lack of even the most fundamental understanding of economics.
And the cycle will continue, my friends.... Until one fine day, the citizens which have been milked like cows will use their intelligence to sprout metaphorical wings and fly away never to return. Then what will be the fate of parasitical governments?
http://online.wsj.com/article/SB10001424052748704530204576235163052635494.html?mod=WSJASIA_newsreel_technology
In a nutshell, the article says that Kansas City Kansas, the poor dismal brother to Kansas City, Missouri began experiencing a dramatic turnaround in its fortunes a few years ago when it decided to --- GASP --- offer tax incentives.
And now - as a further sign of its progress - the mighty Google has decided to bestow upon it the fastest internet in the country.
But while this is a good thing, one must keep the bigger picture in mind. Lowering taxes is merely government's way of belatedly and usually begrudgingly admitting that business pays all taxes and creates all prosperity.
An admission that governments usually only make in desperation as they acknowledge that without business, they (the government) will eventually cease to exist. Plain and simple.
Yet - history continues to demonstrate that as soon as governments get a taste of the prosperity companies create, they almost always begin killing the golden goose with their greed for higher taxes, corruption and utter bankruptcy of competence due to their lack of even the most fundamental understanding of economics.
And the cycle will continue, my friends.... Until one fine day, the citizens which have been milked like cows will use their intelligence to sprout metaphorical wings and fly away never to return. Then what will be the fate of parasitical governments?
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