Tyranny of the Taxers | Cato Institute

Tyranny of the Taxers | Cato Institute: " all of the so-called tax havens have substantial taxes and significant government sectors. They also tend to have lower marginal tax rates on capital and labor income, which has enabled them to make their citizens rich and healthy. Many studies show that when government spending exceeds approximately 25 percent of gross domestic product, economic growth tends to slow, fewer jobs are created and the general welfare ultimately declines. If the G-8 had responsible leaders, the group’s summit would have as an agenda item “ways to downsize government.” Instead, their agenda includes how to increase tax revenue by going after jurisdictions with low tax rates."