For many in the United States, tax season has come and for some it’s already passed. I think a fundamental question that our economy as a whole should always be debating is whether the tax system helps increase the productivity of employees working across America’s businesses and perhaps even government institutions.

It’s a commonly accepted principle that as taxes increase, the activity which they target is usually less attractive to those who would otherwise have performed it. In other words, taxes act as a dragging factor on anything that they are applied to. For example, if you charge a high sales tax on computers, you increase their overall price which means that you [...]