Taxes, Economic “Development,” and Growth Fetishism — State of the States
by David Shreve
Many are beginning to sense that there is a diminishing relationship between increasing gross domestic product (GDP) and broad prosperity or “quality of life.” Environmental perils are a big part of this—from dying oceans and freshwater shortages to extreme weather events and epidemics. People readily feel these changes, even without knowing their true extent. Technological advances notwithstanding, there is little doubt that ongoing “growth” only perpetuates and amplifies such perils.