4 ms·
Squandering taxes seems like a separate problem. In the case taxes are squandered, and in the case they are not, it makes sense to use the most efficient taxes
by mlinksva 6y ago
Squandering taxes seems like a separate problem. In the case taxes are squandered, and in the case they are not, it makes sense to use the most efficient taxes first.
Also https://en.wikipedia.org/wiki/Henry_George_theorem https://en.wikipedia.org/wiki/Henry_George_theorem shows "that under certain conditions [presumably including limited squandering, though I didn't check], beneficial investments in public goods will increase aggregate land rents by at least as much as the investments cost"
- throwaway201103 6y agoThat might be true to the extent government spending is actually in public goods, such as infrastructure, transit, parks, schools, what have you. In reality most government fiscal problems are from things like underfunded pensions and debt service.