8 ms·
That which you incentivize you get more of. That which you tax you get less of. Or, as Charlie Munger famously remarked, Show me the incentive and I'll show yo
by jackfoxy 2y ago
That which you incentivize you get more of.
That which you tax you get less of.
Or, as Charlie Munger famously remarked, Show me the incentive and I'll show you the outcome.
- tomjakubowski 2y agoThis is why it's important to have a robust base tax rate. Plenty of headroom for incentives when they're needed
- onlyrealcuzzo 2y agoYou could also have no "true taxes" and just print money and have everyone else pay for it in inflation (tax) to give handouts to incentivize what you want. Right now we do both!
- gottorf 2y agoYes! People, irrational and misinformed as they may be, respond to incentives.
- djangogitit 2y ago[dead]