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"Non distortive" You can't imagine a way a tax like that would change people's behavior? People would give their money to their children before they die, or spe
by surfmike 9y ago
"Non distortive" You can't imagine a way a tax like that would change people's behavior? People would give their money to their children before they die, or spend it all on themselves, and maybe some would work less because they were previously motivated by building up assets to give to their children.
- dlp211 9y agoI never understand why someone working less is considered a bad thing. If a person works less that leaves a vacuum for their services which will then be filled by another market actor.
- flyinglizard 9y agoOn an individual level - correct. On a society level - not true anymore as you are reducing the effective size of the workforce.
- surfmike 9y agoIf you think the economy is a zero-sum game then it's not a bad thing. If you think wealth can be created and that society benefits from a population with a high labor force participation (like Scandinavia for instance), then it's a bad thing.