Revolutionizing Productivity: How Industries Thrived in the Roaring 1920s – ictsd org ictsd.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ictsd.org Daily Mail and Mail on Sunday newspapers.
The emergence of money is a market phenomenon. By surrendering fewer marketable goods for more marketable goods, individuals move closer to the goods they ultimately wish to consume but cannot acquire through direct exchange. The most marketable goods become common media of exchange (i.e., money).
High rates of taxation and a tax code that punishes working,saving, and investing do not add up to a recipe for long-termprosperity. History shows clearly that lower tax rates are anintegral part of a reform package that maximizes freedom andprosperity. Reducing all income tax rates is a responsible way topromote long-term economic growth.