3 ms·
> ‘...that we can lower the tax on other "more wholesome" things (like income from labor and housing)’ we don’t necessarily need lower income taxes across the
by clairity 6y ago
> ‘...that we can lower the tax on other "more wholesome" things (like income from labor and housing)’
we don’t necessarily need lower income taxes across the board, but rather a sharp, smooth sigmoidal tax rate curve with the inflection point at the median income. and an end to deductions and carveouts like the lower capital gains tax. that one change would fix a lot of incentive problems in the fiscal system.
edit: i should add that we likely don’t need to lower taxes on housing either, as it won’t make a dent in getting more people housed where they want. what we need to lower are the barriers to development, like restrictive zoning, overly specified building codes, and arduous permitting and review processes.