4 ms·
This just begs the question though, what is the right way to tax? Assuming that you are redistributing wealth (as you describe above), taxing wealth instead of
by jflatow 10y ago
This just begs the question though, what is the right way to tax?
Assuming that you are redistributing wealth (as you describe above), taxing wealth instead of income has a profound effect. It creates an incentive for every individual to increase the total wealth in the system, no matter who creates it, or where it's created. When you tax income, it makes no difference to you whether the income was created wealth, or merely captured.
- dredmorbius 10y agoWhatever you tax becomes more expensive. Whatever is more expensive, you have less of. Your question can be restated: what's your overall economic goal? You tax to achieve that.
- hx87 10y agoI'd tax rent-seeking, and the most effective way to do that is a land value tax.
- dredmorbius 10y agoI'm seeing merits to land tax, inheritence, financial transfers, and either a corporate or corporate transfers tax. Allowances for that which is reasonable. Disallowances for that which is not.