Have you met the perfect tax?
The duty that is both elegant, and fair. The regime that lets our economies grow, and have everyone partake in its fruits. The excise that reconciles efficiency with equity. The set of rules that raises the revenue for a potent polity, and, at the same time, curbs wasteful decadence, to form that more perfect union.
If you haven’t met the perfect tax, let me introduce you: the postpaid progressive consumption tax.
The secret of the perfect tax? It burdens that behavior which is truly wasteful and undesirable: excessive consumption. It leaves all other economic activities unaffected.
Together with a negative income-tax for poor income earners and, possibly, a wealth tax to avoid boundless capital accumulation, it can replace all other redistributive taxes, both on individuals and corporations. Read on for more.
