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What's the possibility of implementing this in combination with a luxury rate adjustment that takes something like median values for product categories and then
by ordinaryradical 7y ago
What's the possibility of implementing this in combination with a luxury rate adjustment that takes something like median values for product categories and then scales rates as you move above or below that?
Because it would seem to me that consumption of low-income earners will trend toward below-the-median while consumption of the wealthy will trend toward above-the-median, giving you an additional handle to make this taxation progressive.
- deleted 7y ago[deleted]
- Joeri 7y agoWell, it all depends on how you define product categories. Is a macbook pro the same product category as a chromebook? You can slice the market in such a way that luxury goods would all be bucketed into “median” price range. IMHO it’s easier to construct a “fair” tax system on the income side than on the expenditures side, provided you count all income equally. Currently income from labor is usually taxed higher than income from investment, and that’s not fair.