@Mlxebz Definitely. But so do taxes on economic production.
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@ZachKromer@ne0colonial@rec0nciler But aren't taxes on income / profits bluntly applied to a wide range of elasticities of supply?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ZachKromer@ne0colonial@rec0nciler Not sure. "We can milk the hell out of them and they'll keep on producing" has a wishful flavor to it. -
@ZachKromer@ne0colonial@rec0nciler Tax productive activity and people work less, take less risks, and at the margin don't bother.
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@rec0nciler@Outsideness Since when is the purpose 'revenue'? -
@ne0colonial@rec0nciler That was the traditional purpose. Disciplined governments resourced themselves entirely from tariff income. ... - 1 more reply
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@ZachKromer@Outsideness@rec0nciler Which is kind of the point. Only things that are highly inelastic are then sought externally. -
@ne0colonial@ZachKromer@Outsideness@rec0nciler Arguably it gives you more information because it gives you an info collection point.
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