Yes, and the deadweight loss of taxation. Taxing income is economically inefficient (because huge resource investments are needed for compliance). It's more e

Yes, and the deadweight loss of taxation. Taxing income is economically inefficient (because huge resource investments are needed for compliance). It's more efficient to tax land, gas, and soda. See Pigovian taxation for more details: https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax