4 ms·

If you filter that list to US companies, it does seem to be mostly in services, with logistics and manufacturing coming up next. I'm fine with taxing the hell

If you filter that list to US companies, it does seem to be mostly in services, with logistics and manufacturing coming up next. I'm fine with taxing the hell out of Exxon, btw, or at least not giving them cash-in-a-briefcase subsidies, but you're not going to replace the income tax on that. We collected 3.46 trillion in income taxes last year. How do you get there on a land-value tax? Do we weight it so Manhattan land owners are paying more in tax than the entire midwest?

snidane 6y ago
You don't need to raise as much when you don't need to subsidize rent-controlled housing, unemployment and other expenses related to high cost od living in places of abundant work opportunity. That said, you roll out the new policy gradually by reducing labor related taxes while increasing land and monopoly related ones. After several iterations you should expect convergence to a new stable position. It's better to prefer iterative deployment over big bang changes. Not only in software.