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Archive Home > 2010 > March > 21 > Pay less, get more, and deficit builds

Pay less, get more, and deficit builds

By David Leonhardt / The Bulletin
March 21, 2010

As a society gets richer, its tax rates tend to rise.

This idea is known as Wagner’s Law, named for the 19th-century economist who came up with it. Citizens of richer societies generally prefer more government services, Adolf Wagner explained. With their basic needs met, they want a military to....

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