Despite a relative control over expenditure in 2013, the persistence of a very high public deficit (4.3%) was mainly due to an unprecedented and unexpected drop in tax revenue which confirms the existence of a tax tolerance threshold, specific to each country, and which may have been reached in France. Above this threshold, any tax increase has a counterproductive effect as compulsory taxes stifle activity by further weakening the economy's growth potential.
Éric PichetRelated topics
above control country deficit drop due high increase public specific tax weakeningRelated quotes
Let us specify that the possible gaps in the human mind are due, not to fortuitous causes, but to the very conditions of the "dark age", the kali-yuga, which has as an effect − among other modes of decadence − a progressive weakening of pure intellection and of the ascending tendencies of soul; whence the necessity of the religious revelations, and whence also the problematical phenomenon of gratuitous and divergent philosophies.
Frithjof Schuon
Ultimately, taxes are being paid for by your and my freedom because we have to spend more time to make the money to pay for those taxes. The current reality is that with a deficit that is going to double in the next eight years is that taxes, currently, as it stands right now, taxes are going up, unless there becomes a real movement to understand that we should be reducing taxes and not allowing taxes to increase.
Gary Johnson
Imperialism - the era of bank capital, the era of gigantic capitalist monopolies, the era of the transformation of monopoly capitalism into state-monopoly capitalism - has particularly witnessed an unprecedented strengthening of the "state machine" and an unprecedented growth of its bureaucratic and military apparatus, in connection with the increase in repressive measures against the proletariat in the monarchical as well as in the freest republican countries.
Vladimir Lenin
Any consideration of the life and larger social existence of the modern corporate man... begins and also largely ends with the effect of one all-embracing force. That is organization - the highly structured assemblage of men, and now some women, of which he is a part. It is to this, at the expense of family, friends, sex, recreation and sometimes health and effective control of alcoholic intake, that he is expected to devote his energies.
John Kenneth Galbraith
The effect, if not the prime office, of criticism is to make our absorption and our enjoyment of the things that feed the mind as aware of itself as possible, since that awareness quickens the mental demand, which thus in turn wanders further and further for pasture. This action on the part of the mind practically amounts to a reaching out for the reasons of its interest, as only by its ascertaining them can the interest grow more various. This is the very education of our imaginative life.
Henry James