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Indeed. Corporate taxation makes for good applause lines, but at least in our particular system it's basically a giant target for "lobby for special tax breaks,
by scarmig 14y ago
Indeed. Corporate taxation makes for good applause lines, but at least in our particular system it's basically a giant target for "lobby for special tax breaks, but only if you're rich enough to hire a staff of lobbyists."
My favored solution is having two taxes: a heavily progressive consumption tax, and a flat capital gains/etc. tax. Because what people usually are bothered by are the Paris Hiltons of the world, not the humble billionaire featured in the article.
- msellout 14y agoHow about an externality tax? Anything that hurts anyone else, even via causing jealousy, gets taxed as appropriate for the size of the externality.
- scarmig 14y agoTaxing externalities is, of course, a good idea, and key to any functioning system of property rights. I don't believe they should be used for revenues, because once you do that, it misplaces the incentive: now the government makes more revenue per unit externality. So I favor a flat rebate for all externality taxes.