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I think the idea is that governments should tax things which aren’t as mobile (personal incomes, land, consumption etc) in order to minimise the distorting effe

I think the idea is that governments should tax things which aren’t as mobile (personal incomes, land, consumption etc) in order to minimise the distorting effects on the market tax can otherwise have. There are positives and negatives to that but it’s not totally obviously bad.

vkou 8y ago
When most of your income comes from being an owner, as opposed to a worker, your 'personal income' is incredibly mobile.