Re:Georgism
by sudosysgen on Sunday May 17, 2020 @11:31AM
(#23212646)
The point of taxes is absolutely not to encourage efficiencies. The point of taxes is to fund the state in order to provide for defense and palliate the ills of capitalism.
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But what if we could do both!
Markets need massive amounts of legal structure and regulation to make them efficient. Including taxation as part of that is an excellent idea.
And if we get to Piketty-inspired corrections for r>g, part of that will include eliminating economic rents the way a LVT does.
I didn't write about the point of taxes, but about the point of a type of taxation. A government can collect the same amount of tax with different rules and procedures.
I agree with you, providing defense and protecting real capitalism, stopping oligarchies/long term monopolies from forming is important, to be able to have a return on investment on the taxed capital in the country.
As I wrote before, countries are competing for investor money, that's why it's important how they collect and distribute taxes. The counterforce is usually corruption inside the political system though.