Harvey S. Rosen

"Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return."

"A second justification for corporate taxation is that the corporation receives a number of special privileges from society, the most important of which is limited liability of the stockholders. The co…"

"From a theoretical point of view, lifetime income would be ideal, but the practical problems in estimating it are enormous."

"In an experiment in Illinois, members of a randomly selected group of unemployed individuals were offered a bonus of $500 if they found a job within 11 weeks and kept that job for four months. On aver…"

"It must be emphasized that free ridership is not a fact; it is an implication of the hypothesis that people maximize a utility function that depends only on their own consumption of goods."

"During the 1980's, the top statutory marginal income tax rate in the United States fell from 70 percent to 28 percent."

"In this country, the number of individuals on the government payroll certainly underestimates the importance of government."

"Public decision making is complicated and not well understood. Contrary to simple methods of democracy, there appear to be forces pulling government expenditures away from levels that would be preferr…"