Naive question, but how are wealth taxes actually collected and assessed? https://twitter.com/JStein_WaPo/status/1088507658208989184 …
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Replying to @kimmaicutler
Can I consider our marginal tax rate discussion settled then?
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Replying to @AleResnik
Kim-Mai Cutler Retweeted Noah Smith 🐇
Kim-Mai Cutler added,
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Replying to @kimmaicutler @AleResnik
Take it up with
@Noahpinion who actually reads economic research on this day in and day out for@business.1 reply 0 retweets 2 likes -
I don’t really care how it happened. I’m glad we are converging our views, though!
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So you’re pro wealth tax but not pro high margins income tax?
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I am generally anti higher taxes. I think there is massive inefficiency in capital allocation by the government. I don’t think it’s needed. But if I had to pick, I would be for a moderate 0.5% to 1% (and not more) wealth tax over higher marginal income tax.
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Massive inefficiency in capital allocation, says the guy facilitating ever higher land rents.https://www.ft.com/content/ffa66898-fe7b-11e6-96f8-3700c5664d30 …
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Ad-hominem alert!
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You should read @L__Macfarlane’s book. Our Anglo-American political economy enables land to suck up a greater % share of our economic productivity over multiple generations by design.
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Replying to @kimmaicutler @Noahpinion and
Thanks for the recommendation!
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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