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I doubt deleting income tax is a popular view among economists. Income and payroll taxes have the feature that you always have the money when it's time to pay
by astrange 3mo ago
I doubt deleting income tax is a popular view among economists.
Income and payroll taxes have the feature that you always have the money when it's time to pay the tax. That also means they're disinflationary. Whereas property taxes can be inflationary because they may require you to sell assets.
- snovv_crash 3mo agoGeorgism style property taxes are only due on the sale of the property so also have the money available then.
- astrange 3mo agoI thought the point of an LVT was to force land sales for more productive uses.