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High tax rates are followed by attempts of ingenious men to beat them as surely as surely as snow is followed by little boys on sleds.
Arthur Melvin Okun
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Arthur Melvin Okun
Age: 51 †
Born: 1928
Born: November 28
Died: 1980
Died: March 23
Economist
Jersey City
New Jersey
Arthur M. Okun
Littles
Surely
Little
Snow
Men
Beat
Beats
Rate
Ingenious
Taxes
Rates
Boys
Attempts
High
Followed
More quotes by Arthur Melvin Okun
The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism some perilous like collective loyalty some intolerable, like coercion or oppression.
Arthur Melvin Okun