Subject:
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Re: Preaching to the Choir
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Mon, 9 Aug 2004 19:12:08 GMT
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Viewed:
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2015 times
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In lugnet.off-topic.debate, Dave Schuler wrote:
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Not trying to be obtuse. For all I know these might be well-established
econmic terms that are unfamiliar to me.
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Oh, I was just making the terms up, for all I know. I guess I should have
explicated.
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By “wealth tax” do you mean a tax on acquisitions/already-held
holdings separate from income?
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Yes. I see it as a sure-fire loop-hole avoidance scheme. If all property is
taxed, regardless of who owns it, then the rich -- even when trying to disguise
their wealth are taxed proportionately no matter what.
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And
does “common earnings per hour rate” mean that everyone would get the same
hourly wage regardless of profession?
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Yeah. Ideally, under such a system the medium of exchange would simply be the
manhour.
Chris
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Message has 2 Replies:
 | | Re: Preaching to the Choir
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| (...) But wouldn't that play havoc with comparative advantage? One hour of Bill Gates's time is worth more than one hour of Paul Krugman's time and forcing them to be the same seems to miss any information the market can transmit to improve (...) (20 years ago, 9-Aug-04, to lugnet.off-topic.debate, FTX)
| | | Re: Preaching to the Choir
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| (...) I agree. Even if "the rich" rent their home, the owner will pass on the tax cost. Taxing the relative value of property also allows more for local markets than a nationwide income tax. Scott A (20 years ago, 9-Aug-04, to lugnet.off-topic.debate, FTX)
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Message is in Reply To:
| | Re: Preaching to the Choir
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| (...) I need to plead ignorance and ask for clarification: By "wealth tax" do you mean a tax on acquisitions/already-held holdings separate from income? And does "common earnings per hour rate" mean that everyone would get the same hourly wage (...) (20 years ago, 9-Aug-04, to lugnet.off-topic.debate, FTX)
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