2 ms·
The linked blog post doesn't mention anything about modelling the scarcity of land, so I'm a little skeptical about the results. In the modern world, one of the
by neilparikh 6y ago
The linked blog post doesn't mention anything about modelling the scarcity of land, so I'm a little skeptical about the results. In the modern world, one of the most biggest inequalities and barriers to efficiency is access to land, so not modelling that is a big oversight.
It looks like they also only considered income taxes, and ignored all other taxes (such as resources extraction taxes and land taxes), which is also a big oversight.
> However, finding a tax policy that optimizes equality along with productivity is an unsolved problem.
"A land value tax is generally favored by economists as (unlike other taxes) it does not cause economic inefficiency, and it tends to reduce inequality.
Land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been known since the eighteenth century.", from https://en.wikipedia.org/wiki/Land_value_tax https://en.wikipedia.org/wiki/Land_value_tax