August 21, 2012
Six Policies Economists Love (And Politicians Hate)
Eliminate the mortgage tax deduction. ...
End the tax deduction companies get for providing health-care to employees. ...
Eliminate the corporate income tax. ...
Eliminate all income and payroll taxes. All of them. For everyone. Taxes discourage whatever you're taxing, but we like income, so why tax it? Payroll taxes discourage creating jobs. Not such a good idea. Instead, impose a consumption tax, designed to be progressive to protect lower-income households.
Tax carbon emissions. ...
Legalize marijuana. ...
(Hat Tip: The Volokh Cospiracy.)
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These seem shallow and disappointing.
For #2, a company receives revenue but also pays electricity bills, rent, wages & salaries, and so on, in addition to the cost of goods sold. They're taxed on profits, so they subtract all these costs from their revenue, including health care premiums for employees. What else would they do? The story makes it sound as if the deduction is some arbitrary gift.
#2 is pointless if combined with #3.
The others don't look great either.
Posted by: No-no-no | Aug 21, 2012 3:25:33 PM
Paul, you might have forgotten about the link that I provided to you about the economists who actually have sense.
Posted by: Woody | Aug 21, 2012 7:24:57 PM