by Summary:
Arguing of pay-for that are not necessary for spending. Spending and taxation are separate fiscal operations,. Ideally, each should be directed at objectives in terms of the socio-economic system taking politics into account as an expression of the will of the people, spending for public purpose to promote the general welfare and common good, and taxation to make space for public spending as well as to control inflation. Taxation can also serve to regulate the system by providing positive and negative incentives, e.g., promoting investment in green and discouraging negative externality and imbalances such as excessive inequality that creates a drag on the system. Ad hoc measures and unnecessary linkage are unlikely to be effective and will likely involves unintended consequences that are
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Mike Norman considers the following as important:
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Arguing of pay-for that are not necessary for spending. Spending and taxation are separate fiscal operations,. Ideally, each should be directed at objectives in terms of the socio-economic system taking politics into account as an expression of the will of the people, spending for public purpose to promote the general welfare and common good, and taxation to make space for public spending as well as to control inflation. Taxation can also serve to regulate the system by providing positive and negative incentives, e.g., promoting investment in green and discouraging negative externality and imbalances such as excessive inequality that creates a drag on the system. Ad hoc measures and unnecessary linkage are unlikely to be effective and will likely involves unintended consequences that are not desirable.Arguing of pay-for that are not necessary for spending. Spending and taxation are separate fiscal operations,. Ideally, each should be directed at objectives in terms of the socio-economic system taking politics into account as an expression of the will of the people, spending for public purpose to promote the general welfare and common good, and taxation to make space for public spending as well as to control inflation. Taxation can also serve to regulate the system by providing positive and negative incentives, e.g., promoting investment in green and discouraging negative externality and imbalances such as excessive inequality that creates a drag on the system. Ad hoc measures and unnecessary linkage are unlikely to be effective and will likely involves unintended consequences that are
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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The Lens
Revenge of the Billionaire’s Tax?
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
https://stephaniekelton.substack.com/p/revenge-of-the-billionaires-tax