Once And For All—Why Capital Levies Are Not The Answer

2017-04-14T02:15:12-04:00November 6, 2013|

Mick Keen By Michael Keen

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Holy grail

Last night, when you went to bed, you left $40 on the kitchen table. When you woke up this morning, you found only $30—and a note from the government saying, “Thank you very much, we took $10 as a tax payment.” This is, of course, extremely irritating. To an economist, however, it’s close to an ideal form of taxation, since there is […]