Yes. Some years ago, the politicians in Maryland decided they were going to raise more revenue by increasing the taxes on people who had an income of a million dollars a year or more. But after they did this, the number of people with incomes of a million dollars or more in Maryland went down. Because rich people were not chess pieces, they moved out of Maryland. Instead of getting $100 million in new tax revenue like they predicted, Maryland got $200 million less in revenue.
— Thomas Sowell, Thomas Sowell on Social Justice Fallacies: Racial Fallacies (2024)
Verified — Primary Source
Source
Thomas Sowell on Social Justice Fallacies: Racial Fallacies
Article · 2024 · Read the original →
Wear the words
"Read Sowell" Tee
$24.95USD
View →Related Quotes
“The fatal attraction of government is that it allows busybodies to impose decisions on others without paying any price themselves. That enables them to act as if there were no pric...”
Ever Wonder Why? And Other Controversial Essays (2006)
Read →“You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it...”
The Fallacy of Redistribution (2012)
Read →“You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it...”
The Fallacy of Redistribution (2012)
Read →Join thousands of Sowell fans. New quotes, new gear, and the stuff I don’t post on Facebook.
Wear the words.
Browse the collection →