Re:No tax on tips: Why politicians love it, and economists d...
by pdonis on Friday August 16, 2024 @10:25AM
(#41266735)
> What should we tax instead?
My proposal (in the GP of the post you responded to) was to tax consumption, i.e., a national sales tax or something like it.
> Capital seems to me a viable choice.
What would count as "capital"?
Whatever the answer is, this would seem to me to have the same issue as income taxes have: you would be taxing production instead of consumption, hence lowering the incentive to produce.
My proposal (in the GP of the post you responded to) was to tax consumption, i.e., a national sales tax or something like it.
> Capital seems to me a viable choice.
What would count as "capital"?
Whatever the answer is, this would seem to me to have the same issue as income taxes have: you would be taxing production instead of consumption, hence lowering the incentive to produce.