If you hope to make money long term as an investor it is vital you understand how the United States economy can be most effective. A book that I feel is a must read is “The End of Prosperity” by Arthur Laffer, Stephen Moore, and Peter Tanous.
This book provides a spirited straight forward explanation as to why low taxes and less government is the path to prosperity and why high taxes and big government are the noxious fumes that suffocate our economic growth.
It is extremely relevant given the “Tea Parties” that occurred a couple days ago that among other things protested out of control government spending. If you want to know what will happen to your state, your hometown, and your country if our Reagan capitalist boom model is jettisoned then take a good hard look at how messed up California is right now. This is discussed in the book, and clearly outlines how millionaires have left California at an alarming rate for several years to escape oppressive taxes. Once they left, the state lost major tax revenue so the government raised taxes even more thus facilitating an exodus that would make Moses proud. Now they have deficits that rival some countries total GDP!
Anyway, if you want to be educated on some basic economics or want to read why low taxes are the solution, pick this book up.
Tags: Capitalist, Economy, Government, Taxes