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This is why a tax on capital is both easier and less regressive. It avoids subjective value judgments on what's "good" or "bad" consumption.
by Kalium 12y ago
This is why a tax on capital is both easier and less regressive. It avoids subjective value judgments on what's "good" or "bad" consumption.
- humanrebar 12y agoNo, it just makes subjective value judgements on what is "good" and "bad" capital. Oversized primary residence? Subsidized. Equivalent amount of money in a retirement account? Subsidized. Equivalent amount of money in a stock? Not subsidized.
- Kalium 12y agoOr you could just tax capital without judging it. That's also possible.
- humanrebar 12y agoI'm skeptical considering that income and spending isn't taxed that way. And existing capital taxes (property taxes, estate taxes) don't work that way.