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(...) I'm interested in breakdowns... as I've said here before, some kinds of taxes have a more pernicious distorting effect and therefore are worse than others. ++Lar (25 years ago, 16-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) Which would those be? The site is at (URL) . You're probably slightly more up on what you want to know than I am. Jasper (25 years ago, 17-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) Any tax, across the board, incents some behaviours and disincents others. Broadly, there seem to be at least three classes of taxation, although there may be others. These are: Income - a tax on the production of wealth Sales - a tax on the (...) (25 years ago, 18-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) VAT in practice, though, is more of a sales tax except that companies don't pay it. What happens is that everybody charges VAT on everything, which is to be transferred through to the government, but companies get any VAT they have paid back. (...) (25 years ago, 19-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) Left out an assumption, thank you, as usual, for not letting me get away with one atom's worth of implicitness. Sigh. Assume the same total revenue take. 40% across the board is surely more distortive than 5% on everything except food (...) (25 years ago, 20-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) And I wasn't thinking straight, or I'd have known what you meant. (...) Yes. And...? (...) When there is production that is going unbought because money that would have been used for consumption (in addition to there being larger production), (...) (25 years ago, 21-Jan-00, to lugnet.off-topic.debate)
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| | Re: stuff (was: Art Debate Was: [Re: Swearing?])
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(...) Actually, no. See, for example, any first year Macroeconomics text, for example Samuelson. Excess production (that is, more goods than wages) causes deflation. Excess consumption (that is, more wages than goods) causes inflation. Now, it so (...) (25 years ago, 21-Jan-00, to lugnet.off-topic.debate)
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