Friday, August 10, 2012

The Best Way for Governments to Raise Revenues

At federal, state, and local governments, all revenues should be voluntary gifts. Governments should be allowed to pay for advertisements about what a great job they’re doing. But in collecting revenues, no coercion would be permitted.

Services not provided by government, if desired, would be furnished by profit-making enterprises or by voluntary gifts.

Citizens would give, all right; I certainly would. But the government sector of the United States would nevertheless fall from the current 38 percent of the Gross National Product to something like 8 percent. This is where it stood a century ago, and where it belongs today.

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