But this doesn't mean those in favor of reduced levels of taxation should embrace any cut.
But the productive opportunities available to everyone, including lower-income people, are reduced by higher levels of taxation.
For example, the government can avoid punitive levels of taxation that reduce the potential after-tax reward accruing to the investor.
The impact of changes in tax rates on tax revenue depends in part on the levels of taxation before the change.
Before getting to the meat of my argument, let me remind you that our nation collectively has made commitments that it cannot afford at the current levels of taxation.
Frank Field, a former Labour welfare minister, thinks these things, together with worries about unaffordable housing, are shifting the consensus on levels of taxation that has remained intact for decades.
Paul Krugman has been saying that solving the debt crisis would be easy if America would only accept European levels of taxation, and Obama appears to think along much the same lines.
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As a result, he added that there was a danger that the Italian economy would be burdened by extremely high levels of taxation for many years to come, which would dampen future economic growth, making it difficult to pay down the government debt.
They profess to be outraged by "the distortions" produced by countries that have very low levels of corporate taxation, such as Ireland.
No economy can sustain such high levels of debt and taxation.
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If the coalition is not ready for the "bold action" of minimum pricing, it says MPs must not "lose sight" of taxation as a tool to lower drinking levels.
Several studies have suggested that the United States, until now anyway, has had much lower levels of welfare state spending and taxation than Europe, because the United States is more ethnically diversified, and there are more people concerned that their taxes will benefit another group.
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