A perhaps surprising result in public finance is that the optimal or the best way to tax capital income is not to tax it at all. Paradoxically, workers are better off with a zero tax on capital income. -Dr. R. Glenn Hubbard, the Chairman of the President's Council of Economic Advisers
>> replace them with nothing." -Ron Paul
> What's the evidence that these are good ideas?
http://www.econlib.org/library/Columns/y2003/Hubbardtaxes.ht...
A perhaps surprising result in public finance is that the optimal or the best way to tax capital income is not to tax it at all. Paradoxically, workers are better off with a zero tax on capital income. -Dr. R. Glenn Hubbard, the Chairman of the President's Council of Economic Advisers