RE: Neutral taxation?/was Re: questions about dividend tax cut

2003-01-16 Thread Grey Thomas
Dan, even more than direct/indirect, you need to specify what is neutral. Given democracy, one (adult) person, one vote, a strong case can be made for a neutral poll tax. Of course it is not progressive like most income taxes. Flat rate taxes, sales/VAT taxes, even land taxes, affect some more

RE: Neutral taxation?/was Re: questions about dividend tax cut

2003-01-16 Thread Jacob W Braestrup
To Tom Grey (and others) 2 points: 1: why not retain land tax as a local tax, as this would ensure tax- payers the possibility of voting with ther feet, end thus ensure some degree of fiscal competition between neigbouring counties / municipalities? 2: I believe Austrain Economic Theory does

Re: questions about dividend tax cut

2003-01-16 Thread Jacob W Braestrup
Fred Foldvary wrote: If there are zero taxes on corporate profits, but taxes on dividends, then the incentive is to retain earnings rather than pay dividends, and the shareholders get the profits tax-free until the shares are sold for capital gains. The shares might never be sold, but passed

RE: Neutral taxation?/was Re: questions about dividend tax cut

2003-01-16 Thread Susan Hogarth
I would tend to agree with Larry Sechrest here -- viz., there are no neutral taxes. (Sechrest's position is laid out in his Rand, Anarchy, and Taxes in _The Journal of Ayn Rand Studies_ 1(2).) Do any of you agree? I suppose there *could* be a neutral tax, but what would be the point? It would

Re: questions about dividend tax cut

2003-01-16 Thread Fred Foldvary
--- Jacob W Braestrup [EMAIL PROTECTED] wrote: an income is a certain payment at a certain date, subject to a formal or informal contract, That is income from an accounting view, but not from the economic perspective. Economic income has no regard for contracts. In economics, income equals

RE: Neutral taxation?

2003-01-16 Thread Fred Foldvary
I suppose there *could* be a neutral tax, but what would be the point? It would be something like taking five dollars from everyone and giving them back five dollars worth of 'services'. Susan Hogarth The whole point is to provide collective services. If you join a club and pay dues to get

RE: Neutral taxation

2003-01-16 Thread Fred Foldvary
--- Susan Hogarth [EMAIL PROTECTED] wrote: I would tend to agree with Larry Sechrest here -- viz., there are no neutral taxes. (Sechrest's position is laid out in his Rand, Anarchy, and Taxes in _The Journal of Ayn Rand Studies_ 1(2).) Do any of you agree? I suppose there *could* be a

RE: Neutral taxation?

2003-01-16 Thread Fred Foldvary
--- Grey Thomas [EMAIL PROTECTED] wrote: My own preferences are more towards a flat(er) tax, with a large (poverty level) deduction, and rates tending down (to zero?); a land tax, split between local, state, and federal (1/3 each? 50-25-25?); and ever increasing taxes on pollution. Given a

Re: Neutral taxation?

2003-01-16 Thread Fred Foldvary
--- [EMAIL PROTECTED] wrote: I can't imagine any tax that would be neutral A tax on economic rent is neutral, since by definition, economic rent is income not necessary in order to put a factor to its most productive use. Fred Foldvary = [EMAIL PROTECTED]

RE: Neutral taxation?

2003-01-16 Thread Fred Foldvary
Given democracy, one (adult) person, one vote, a strong case can be made for a neutral poll tax. Tom Grey The poll tax is what got Maggie Thatcher thrown out of office in the UK. The problem is that different people benefit differently from government services, and so the poll tax is not

RE: Neutral taxation?

2003-01-16 Thread Susan Hogarth
SH: I suppose there *could* be a neutral tax, but what would be the point? It would be something like taking five dollars from everyone and giving them back five dollars worth of 'services'. FF: The whole point is to provide collective services. If you join a club and pay dues to get some

Re: Neutral taxation?

2003-01-16 Thread AdmrlLocke
I have to agree with Susan. Health clubs are voluntary organizations which, unlike governments, lack the ability to legitimately threaten or employ force to get me to join. I have seen, furthermore, members of my old health club in Iowa complain bitterly at the provision or increase of

Fw: economic projections of the IPCC

2003-01-16 Thread Alypius Skinner
http://www.webace.com.au/~wsh/cool4.htm Issue 4 November/ December 2002 Concise and comprehensive paper by Dr Chris de Freitas pointing out myths and fallacies in the entire IPCC position. Dowloadable pdf file just over 1 Mb. CSIRO and the greenhouse game:

Re: Neutral taxation?

2003-01-16 Thread AdmrlLocke
In a message dated 1/16/03 3:31:01 PM, [EMAIL PROTECTED] writes: Given democracy, one (adult) person, one vote, a strong case can be made for a neutral poll tax. Tom Grey Fred writes: The poll tax is what got Maggie Thatcher thrown out of office in the UK. The problem is that different

Re: Neutral taxation?/was Re: questions about dividend tax cut

2003-01-16 Thread AdmrlLocke
Dear Tom, I hope I got your definition of neutral right in the last post. As I indicated, I'd support a poll tax (so long as I'm an armchair intellectual and not running for office, which with my abrasive personality would be a joke anyway). I also support a flatter income tax. In fact I'd

Re: Neutral taxation?/was Re: questions about dividend tax cut

2003-01-16 Thread AdmrlLocke
In a message dated 1/16/03 11:57:03 AM, [EMAIL PROTECTED] writes: AdmrlLocke wrote: The farmer felt no compunction at all about complaining that while under the income tax system he pays no tax, under a sales tax he'd pay a hefty tax. He pays nothing and he thinks he's entitled to pay

Re: Neutral taxation?

2003-01-16 Thread Fred Foldvary
--- [EMAIL PROTECTED] wrote: A tax on economic rent is neutral, since by definition, economic rent is income not necessary in order to put a factor to its most productive use. Fred Foldvary I'm not sure if I'm following this, but it sounds like you're saying that it's okay to tax

Re: Neutral taxation?

2003-01-16 Thread Fred Foldvary
I find some appeal in the notion of having to pay some small poll tax in order to vote. David B. Levenstam If there is no penalty in not paying the poll tax, and it is required for voting, then it is not really a poll tax but a tax on voting. Since the probability of my vote being decisive

RE: Neutral taxation?

2003-01-16 Thread Susan Hogarth
SH: I suppose there *could* be a neutral tax, but what would be the point? It would be something like taking five dollars from everyone and giving them back five dollars worth of 'services'. FF: The whole point is to provide collective services. If you join a club and pay dues to get some

Re: Neutral taxation?

2003-01-16 Thread Susan Hogarth
A tax on economic rent is neutral, since by definition, economic rent is income not necessary in order to put a factor to its most productive use. I don't understand this. Could you expand it a bit, please? Susan Hogarth Triangle Beagle Rescue of NC www.tribeagles.org [EMAIL PROTECTED]

Re: National sales tax (was: Re: Neutral taxation?)

2003-01-16 Thread AdmrlLocke
In a message dated 1/16/03 8:47:15 PM, [EMAIL PROTECTED] writes: This brings to mind an historical point which has been tugging at me - perhaps someone here will know the answer offhand. Has there *ever* been an instance where one type of tax has entirely replaced another, or even replaced in