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I'm talking about from a practical perspective including respecting domestic privacy, not theoretical bests. It is difficult to determine the value of a partic
by mothballed 1y ago
I'm talking about from a practical perspective including respecting domestic privacy, not theoretical bests.
It is difficult to determine the value of a particular piece of land, particularly if it hasn't been sold for a long time and won't anytime soon.
International trade can much easier be priced, and there is no (additional) privacy concern because it all has to be declared anyway.
- tomrod 1y agoTariffs, unless hyperfocused, are dumb.
- mothballed 1y agoIndeed, but funding the level of government the constitution authorizes, which shouldn't cost more than a couple percent of GDP, their dumb-ness isn't enough to greatly distort the market and meanwhile there is very little additional overhead or intrusion vs other methods of taxation.
- tomrod 1y agoConsumption taxes are very distortive.