3 ms·
Tax should also control for externalities. Especially 'common good' pollution/destruction/captation. It's too easy to make a company go bankrupt with LLC, so t
by orwin 5y ago
Tax should also control for externalities. Especially 'common good' pollution/destruction/captation.
It's too easy to make a company go bankrupt with LLC, so taxes are the only way. Unless you have a better idea? (I once had a libertarian explain to me the owners/investors should be liable for externalities, and in this case, taxes shouldn't control for it. I couldn't really disagree, but even staunch communists understand the issue with that).
- sgjohnson 5y ago> Tax should also control for externalities. Especially 'common good' pollution/destruction/captation. The problem with this approach is all it does is it legitimises pollution/destruction/captation if you just pay a tax on it. Not even a penalty for wrongdoing. Pay a tax and you’re fine.