Our Unpaid, Extra Shadow Work

Re:Our Unpaid, Extra Shadow Work by protomyth on Sunday October 30, 2011 @01:30PM (#3174848)

Large private fortunes provide capital needed to start businesses or local governments bonding to do infrastructure. No capital, no business. Check the FDR taxes on certain types of wealth for serious historic failure and unintended consequences.

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Re:Our Unpaid, Extra Shadow Work by econ101 on Sunday October 30, 2011 @10:28PM (#3176126)

FDR taxes were largely about raising income taxes to punitive levels. The opposite of what I was suggesting. The increase in capital generation brought on from 0% income tax would more than compensate for any destruction of existing capital.

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Re:Our Unpaid, Extra Shadow Work by protomyth on Sunday October 30, 2011 @11:25PM (#3176245)

http://en.wikipedia.org/wiki/Undistributed_profits_tax

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Re:Our Unpaid, Extra Shadow Work by econ101 on Monday October 31, 2011 @02:18AM (#3176557)

Thanks. That's an interesting link, but it describes an income tax. It is just the kind of tax I'm arguing against. Its aim seems to have been to prevent individuals from delaying payment of income tax that was held within companies.

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