Pru Goward tries to make sense of the world.
The collection cost associated with taxation is but one example of the impost of government regulation on productivity. The enormous number of public servants devoted to extracting every possible cent from economic growth is bloated by private armies of accountants and tax lawyers employed to ensure compliance and the avoidance of penalty.
…Regulations also require staff to administer and many reduce what the employer could otherwise produce. Some, and I would argue anti-discrimination law most obviously, may increase output but the size of the effect is essentially unquantified.
