Contrary to any claim of a systematically “neutral” effect of taxation on production, the consequence of any such shortening of roundabout methods of production is a lower output produced. The price that invariably must be paid for taxation, and for every increase in taxation, is a coercively lowered productivity that in turn reduces the standard of living in terms of valuable assets provided for future consumption. Every act of taxation necessarily exerts a push away from more highly capitalized, more productive production processes in the direction of a hand-to-mouth-existence.
Hans-Hermann HoppeDemocracy allows for A and B to band together to rip off C. This is not justice, but a moral outrage.
Hans-Hermann HoppePublic officials are permitted to finance or subsidize their own activities through taxes. That is, they are permitted to engage in and live off, what in private dealings between private law subjects is prohibited and considered 'theft' and 'stolen loot.'
Hans-Hermann HoppeMore paper money cannot make a society richer, of course, it is just more printed-paper. Otherwise why is it that there are still poor countries and poor people around?
Hans-Hermann HoppeEconomic theory has nothing to say as to what commodity will acquire the status of money. Historically, it happened to be gold. But if the physical makeup of our world would have been different or is to become different from what it is now, some other commodity would have become or might become money. The market will decide.
Hans-Hermann Hoppe