Re:Stanford Professor Loses Political Battle To Simplify Tax...
by wutbrodo on Wednesday March 29, 2017 @08:53PM
(#13992007)
> If it was just a matter of lobbying dollars, the 0.5% of the economy that benefits from more complicated taxes could not possibly out-lobby the 99.5% of the economy that benefits from simpler taxes (all else being equal).
This is a laughably oversimplified way to think about, so much so that there's even a term for how wrong this is: diffuse benefits, concentrated costs (and its inverse, obviously).
This is a laughably oversimplified way to think about, so much so that there's even a term for how wrong this is: diffuse benefits, concentrated costs (and its inverse, obviously).