You could say the same about progressive taxes. Without them, the most efficient do the work. With them, less efficient people below taxable income threshold will do more work.
That's the first valuable, novel insight I've heard about taxation in a long time. While I support progressive taxes for other reasons (fairness), I'd be interested in the economic impact.
(The research would have to use overall tax rate, not just 'income' tax (i.e., wage tax).)
Why do you say that? Without tariffs, the most efficient producer makes the good or service. With them, someone less efficient may make them.
Efficiency includes, but isn't only, waste and pollution.
By waste I meant the consuming of goods and accompanying trash that comes with it.
How is that made better by tariffs? Do you mean the increased prices will reduce consumption, which will reduce the accompanying waste?
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Efficiency includes also e.g. child and slave labor.
You could say the same about progressive taxes. Without them, the most efficient do the work. With them, less efficient people below taxable income threshold will do more work.
That's the first valuable, novel insight I've heard about taxation in a long time. While I support progressive taxes for other reasons (fairness), I'd be interested in the economic impact.
(The research would have to use overall tax rate, not just 'income' tax (i.e., wage tax).)
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