I have taken issue quite frequently with the National Dialogue on Entrepreneurship and their pro-socialized entrepreneurship stances. This time their interpretation of tax policy just baffles me:
But, the effectiveness of government finance systems also matters. A new study from the Pew Center on the States raises some red flags about how some US states are performing on this front. Effective tax systems provide stable revenue, support efficient tax collection, provide transparent information about incentives, and give localities some say in how their tax dollars are used. Unfortunately, many state tax systems fail on these measures. As a result, these lagging states lack the ability to support new economic engines while continuing to provide outdated and unnecessary incentives to other economic sectors.
This report lists heavy tax states such as Minnesota and New Jersey as being effective tax collectors, while several low tax states are listed as being poor tax collectors.
The evidence is clear that tax rates are what matters in driving entrepreneurial activity -- and the lower the rates the better. We don't need government to be the engine of our economy. We need free enterprise to be the engine.
The notion that we need to redistribute wealth through the government to support entrepreneurs is, in a word, absurd. Leave the money in their pockets and see what really can happen!
