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You can skew the tax by giving more tax credit to the poor. Also those are not only taxes on consumption but every purchase. Yacht might be too cheap in compar
by scotty79 2y ago
You can skew the tax by giving more tax credit to the poor.
Also those are not only taxes on consumption but every purchase. Yacht might be too cheap in comparison of resources used but rich don't just buy yahts, they buy entire companies.
- lotsofpulp 2y agoThe power law formula already skews the tax rate. There’s no need to further skew it with tax credits or other complications. If you want to adjust tax rates, simply modify the curve of the power law formula so that a given level of spending is taxed a lower or higher rate.
- scotty79 2y agoOnly of you have something to feed into the power formula and you don't unless you collect data more personal than what people are used to having collected. Some people even object to paying with cards today because they don't want their transactions to be tied together to their identity. So alternatives to power formula that achieve similar effect in different ways might be worth considering.