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I generally agree with you. People often say we should "just do X" with taxes, et. al. and we'd have lots of money for Y. They fail to understand that if you ch
by snarf21 9y ago
I generally agree with you. People often say we should "just do X" with taxes, et. al. and we'd have lots of money for Y. They fail to understand that if you change the rules, you will change the behavior. Extremely rich people get (and stay) that way by leveraging their resources to not pay taxes if they don't want to. The economy will always need jobs and housing and the tax code must incentivize for those necessities. If you make things too costly, companies will move to other countries that would be glad to tax you less. This already happens at the state level as local governments compete on deals to attract good jobs to help their economy.
We spend way too much effort designing these systems as all "stick" and no "carrot". There are much easier ways to incentivize the rich (and companies) for the behavior you want.