Republican gubernatorial candidate Jeff Burningham recently published an opinion piece in Deseret News on Utah’s tax reform efforts.
Frederic Bastiat once said, “There is only one difference between a bad economist and a good one: The bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be Foreseen.”
I agree and I believe the first question should never be, “How does tax policy impact government revenue?” Instead, the first question should be, “How does tax policy impact the people of Utah?”
It’s up to us to help our elected representatives understand the unseen consequences of their actions. A new tax on services will hurt small businesses and it will hurt Utahns.