--- john hull <[EMAIL PROTECTED]> wrote: > Aren't payments in kind worth less than payments in > cash, when the value is a significant portion of one's > income, because they impose the consumption decision > (for lack of a better term) on the individual?
Yes, assuming no tax difference. Many payments are made in kind today because the employee does not have to pay an income tax on it, or because it is tax deductible for the employer but not for the employee. Note, however, that psychic income is paid in kind. > If that is true, then maybe taxes > in kind may be analogous? Just a guess. Yes, taxes in cash are in general preferred to taxes in kind, such as to be drafted into the military or serve on a jury. There is an economic difference, but no moral difference in terms of being coercive. The tax of restrictive regulations is paid in kind. Fred Foldvary ===== [EMAIL PROTECTED]
