Edward Kleinbard (USC) delivers the annual Richard C. Pugh Lecture on Tax Law & Policy at San Diego today on Progressive Tax or Progressive Fiscal System?:
Americans largely take for granted that our tax system should be “progressive.” But why is that desirable? This presentation will analyze the normative foundations of progressive taxation, and argue that the instinct ultimately is misguided: what those who favor progressivity should care about is a progressive fiscal system. The two are not synonyms: even regressive taxes can lead to progressive fiscal outcomes.
The lecture is based on Ed'd forthcoming book, We Are Better Than This: How Government Should Spend Our Money (Oxford University Press, Sept. 2014):
We Are Better Than This fundamentally reframes budget debates in the United States. Author Edward D. Kleinbard explains how the public's preoccupation with tax policy alone has obscured any understanding of government's ability to complement the private sector through investment and insurance programs that enhance the general welfare and prosperity of our society at large.
He argues that when we choose how government should spend and tax, we open a window into our "fiscal soul," because those choices are the means by which we express the values we cherish and the regard in which we hold our fellow citizens. Though these values are being diminished by short-sighted decisions to starve government, strategic government spending can directly make citizens happier, healthier, and even wealthier.
Expertly combining the latest economic research with his insider knowledge of the budget process into a simple yet compelling narrative, he unmasks the tax mythologies and false arguments that too often dominate contemporary discourse about budget policies. Large quantities of comparative data are succinctly distilled to situate the United States among its peer countries, so that readers can judge for themselves whether contemporary budget choices really reflect our aspirational fiscal soul.
Kleinbard's presentation takes a multi-disciplinary approach, drawing on economics, finance, law, political science and moral philosophy. He uniquely weaves economic research and moral philosophy together by emphasizing our welfare, not just our national income, and by contrasting the actual beliefs of Adam Smith, a great moral philosopher, with the cartoon version of the man presented by proponents of the most extreme forms of private market triumphalism.
Previous Richard Crawford Pugh Lectures on Tax Law & Policy:
- Anne Alstott (Yale), Child Care Reform After The Pandemic (2021)
- Rosanne Altshuler (Rutgers), The International Tax Landscape: Past, Present and Future (2020)
- Lily Batchelder (NYU), Optimal Tax Theory and Distributive Justice (2019)
- Deborah Schenk (NYU), Horizontal Equity Redux (2017)
- Michael Graetz (Columbia), Tax Reform Beyond the Headlines (2015)
- Edward Kleinbard (USC), Progressive Tax or Progressive Fiscal System? (2014)
- Stephen Shay (Harvard), Coherence in International Income Taxation (2013)
- M. Carr Ferguson (Davis Polk, New York), Simplifying the Corporate Income Tax (2011)
- Eric Solomon (Steptoe, Washington, D.C.), A Framework for Tax Reform (2010)
For more on Dick Pugh, see here.