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Friday, 6 March 2015

James M. Buchanan and Richard E. Wagner

http://en.wikipedia.org/wiki/Fiscal_illusion

In their book Democracy in Deficit (1977), James M. Buchanan and Richard E. Wagner suggest that the complicated nature of the U.S. tax system causes fiscal illusion and results in greater public expenditure than would be the case in an idealized system in which everyone is aware in detail of what their share of the costs of government is.

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