RE: Neutral taxation? with respect to what?

2003-01-17 Thread Grey Thomas
Fred, ( Susan) even more than direct/indirect, you need to specify what is neutral. You have not yet adequately done so. As I try to do this, I realize that neutral must apply to some other characteristic, like a car's neutral color, or a car in neutral (gear). So, a policy change can be

Permit allocation

2003-01-17 Thread Steffen Hentrich
Dear Armchairs, in connection with the implementation of tradeble permit policy there is a discussion about the initial allocation of permits (free allocation vs. auction). Some emphasize the political advatages of freely allocated permit systems, because of the conveyance of scarcity rents to

Re: Neutral taxation? with respect to what?

2003-01-17 Thread AdmrlLocke
Dear Tom, By neutral I actually thought you mean one that wouldn't prejudice people's economic behavior. Opponents of the income tax often accuse it of discouraging work, saving, and investment and encouraging consumption. I thus thought that a neutral tax by comparison would be one that

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

2003-01-17 Thread Jacob W Braestrup
Susan Hogarth: I could really get behind a national sales tax if I really thought the feds would have the balls to try to extract 20-30% at the point of sale - especially in a 'progressive' fashion. Would poor people be issued tax-exemption cards? Here's my prediction of what will happen:

Re: Neutral taxation? with respect to what?

2003-01-17 Thread Fred Foldvary
--- [EMAIL PROTECTED] wrote: By neutral I actually thought you mean one that wouldn't prejudice people's economic behavior. By that definition I can't imagine any neutral tax. Why can you not imagine that a tax on economic rent is neutral? Fred Foldvary = [EMAIL PROTECTED]

Re: Neutral taxation?

2003-01-17 Thread Fred Foldvary
--- Susan Hogarth [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. I don't understand this. Could you expand it a bit, please? Susan Hogarth Suppose a basketball star

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

2003-01-17 Thread Fred Foldvary
--- Susan Hogarth [EMAIL PROTECTED] wrote: Has there *ever* been an instance where one type of tax has entirely replaced another, or even replaced in some 'revenue-neutral' fashion for even a few years, the tax it is proposed to 'replace'? Yes, prior to the Civil War, the US government

Re: May not be combined with other offers

2003-01-17 Thread Fred Foldvary
--- Bob Steinke [EMAIL PROTECTED] wrote: However, giving cash in our society is gauche. You are not really giving cash, but you want the benefits of giving cash, so create a fancy home-made gift certificate good for reimbursement for the internet service, with a brief explanation of why this is

Re: Neutral taxation? with respect to what?

2003-01-17 Thread Anton Sherwood
Tom Grey wrote: Thus, increasing a land tax and decreasing other local taxes can be revenue neutral, (and I would support such a change) but insofar as it will encourage some behavior and discourage other (eg idle land will cost more), it is NOT incentive neutral. Reducing dividend taxation

Re: Neutral taxation?

2003-01-17 Thread Birgir Runolfsson
But the economic question is not whether the basketball star should play basketball or be a model. The economic question is for which team should he play; the one who values his services at $100,001 or another that values his services at $1,000,000. The same applies to land (and other resources

Re: May not be combined with other offers

2003-01-17 Thread AdmrlLocke
In a message dated 1/17/03 1:15:57 PM, [EMAIL PROTECTED] writes: --- Bob Steinke [EMAIL PROTECTED] wrote: However, giving cash in our society is gauche. It is in dominant WASP culture, but not in some subcultures. My parents, for instance, give me cash each year, and this year my brother

Re: Neutral taxation?

2003-01-17 Thread Birgir Runolfsson
From: Fred Foldvary [EMAIL PROTECTED] The question under debate is whether there is neutral taxation. If the star plays for a team that pays him $1 million, and the government taxes $800,000 of that, he will continue to play, so the tax did not alter his incentives; the tax is neutral. You

Re: May not be combined with other offers

2003-01-17 Thread Bob Steinke
On Friday, January 17, 2003, at 03:53 PM, [EMAIL PROTECTED] wrote: In a message dated 1/17/03 1:15:57 PM, [EMAIL PROTECTED] writes: --- Bob Steinke [EMAIL PROTECTED] wrote: However, giving cash in our society is gauche. It is in dominant WASP culture, but not in some subcultures. My