Quote:
Originally Posted by Evil_inKarlate
The negative tax implications you cite are simply a matter of poor policy and/or planning. The income tax should be replaced by taxes on imports, consumption, and/or borrowing. Or given that bureucratic inertia and other factors pretty much preclude such changes, one could increase tariffs and taxes on corporations and/or dividends.
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Wouldn't import taxation be a from of protectionism and by its very nature be the antithesis of free trade. Further a tax on borrowing is a tax on saving and that doesn’t make sense given the tendency for capital to positively affect productivity.