Re:How Technology Hijacks People’s Minds
by dredmorbius on Friday May 20, 2016 @04:10PM
(#11741088)
Whatever you tax becomes more expensive.
Whatever is more expensive, you have less of.
Your question can be restated: what's your overall economic goal?
You tax to achieve that.
I'd tax rent-seeking, and the most effective way to do that is a land value tax.
Re:How Technology Hijacks People’s Minds
by dredmorbius on Friday May 20, 2016 @10:53PM
(#11742971)
I'm seeing merits to land tax, inheritence, financial transfers, and either a corporate or corporate transfers tax.
Allowances for that which is reasonable. Disallowances for that which is not.
Assuming that you are redistributing wealth (as you describe above), taxing wealth instead of income has a profound effect. It creates an incentive for every individual to increase the total wealth in the system, no matter who creates it, or where it's created. When you tax income, it makes no difference to you whether the income was created wealth, or merely captured.