For perishable and scarce things, would you consider property taxes a subset of consumption taxes? Specifically: Land tax good?
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Land tax is best tax, of course.
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do you favour Land Tax ($ per acre) or Land Value Tax (% of land value)?
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LVT. I hadn't realized $/acre was even a thing.
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If you start from scratch there's no difference between a human labor tax and a consumption tax
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When a human makes a product, the government skims $10,000. Robot makes the product, govt skims $0. (Both should be $0.)
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Income = Consumption - Saving. Income - Saving (Capital) = Labor. Consumption = Labor.
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Doesn't apply fully if you switched now, because consumption would also fall on old wealth.
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If you don't think the current system is unfair, can I please be redefined as a robot so I don't need to pay taxes?
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I support moving to a consumption tax system (for efficiency not 'fairness').
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Consumption taxes are preferable precisely because they don't tax robots.
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A robot tax is just a tax on future consumption. See:https://www.adamsmith.org/blog/capitaltaxesarebad …
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Do you include financial investment in consumption? Otherwise it is a tax mainly on the poorest.
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Econ 101, who "pays" a tax is not who really pays. To reduce inequality, tax yacht consumption more than food consumption.
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though consumption tax would approach ~$0 as “perfect automation” would give us ~$0 goods and services.
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Consumption tax of 20% means govt can deploy 20% of economic power, regardless of nominal prices.
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IMHO: automation is bringing with it runaway deflation, potential collapse of economies
but expansion of quality of life
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@jerrykuch consumption taxes are extremely regressive. Poor people spend close to 100% of income; wealthy people much much less -
Tax should be progressive wrt consumption. Income is irrelevant.
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I fully support an exponentially increasing tax rate for ever dollar spent above poverty line; nice idea.
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"your first $22k is tax free, but by the time you're buying your second yacht you're basically bankrupt."
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