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This is another problem that would simultaneously be solved with simpler tax. Government pays for things by paying for things, and also effectively pays for thi
by integer42 6y ago
This is another problem that would simultaneously be solved with simpler tax. Government pays for things by paying for things, and also effectively pays for things by giving tax breaks hidden in the 50,000 pages of tax code that now simultaneously how the government collects revenue and pays for things, and is completely incomprehensible to most people.
See ~26 minute into this interview for a more in depth proposal that makes a lot of sense. Separate collecting money and spending money. https://www.econtalk.org/john-cochrane-on-economic-growth-and-changing-the-policy-debate/ https://www.econtalk.org/john-cochrane-on-economic-growth-an...