4 ms·
> How much lower do you want it to go? Well ideally, 0. > Changing the method of taxation doesn't inherently do that. Yes it does. Different taxes have vari
by sooheon 4y ago
> How much lower do you want it to go?
Well ideally, 0.
> Changing the method of taxation doesn't inherently do that.
Yes it does.
Different taxes have variable economic effects -- a tax on cigarettes is different from a tax on yachts is different from a tax on rent. Some taxes are inherently inefficient and put downward pressure on GDP. Others, like LVT, incentivize economic efficiency and achieve better equality by preventing exploitative rent seeking.