tag:blogger.com,1999:blog-1141932539860553199.post6743951380688348452..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: The Home-Owner-Ists' favourite kind of tax...Mark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1141932539860553199.post-48434695360876827392014-02-03T15:14:37.734+00:002014-02-03T15:14:37.734+00:00TTG, Kj, in maths terms and for a fixed amount of ...TTG, Kj, in maths terms and for a fixed amount of revenue, a flat tax is a tiny little bit closer to Poll Tax than having personal allowance, basic rate and higher rate.<br /><br />But any regressivity of flat tax or indeed flat LVT can be solved by simply having a high personal allowance or Negative Income Tax or Citizen's Income or whatever you want to call it.<br /><br />LVT is of course inherently progressive, that's just the way it works, even without a personal allowance.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-48159684431335702562014-02-03T15:05:47.303+00:002014-02-03T15:05:47.303+00:00TTG: I meant "low rate flat tax on income&quo...TTG: I meant "low rate flat tax on income". And I don´t think it is a way towards the poll tax. Agreed it´s a tax that is fairly benign, as long as you don´t pile it up with E´sNIC and VAT.Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-46454995203094900812014-02-03T07:32:47.019+00:002014-02-03T07:32:47.019+00:00Kj, they don't have a coherent philosophy, but...Kj, they don't have a coherent philosophy, but from what i understand, they prefer "consumption tax" i.e. sales tax i.e. VAT, "because that doesn't hurt the producer".<br /><br />L, I shall look it up.<br /><br />TTG, in terms of making it "progressive", the income tax personal allowance is far more important than the rate. I'm with Milton Friedman on this, LVT is least-bad (i.e. best), flat income with large personal allowance second least-bad. All other taxes = shit.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-35457453321121892672014-02-02T23:25:59.930+00:002014-02-02T23:25:59.930+00:00@KJ
Isn't that just a step on the road to a p...@KJ<br /><br />Isn't that just a step on the road to a poll tax?<br /><br />Note, though, that a smaller and simplified (which doesn't mean 'flat' in the sense usually intended by 'flat tax' advocates) income tax is something that one can advocate as an accompaniment to LVT. At least, I hope it is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-21891099164468735102014-02-02T22:11:34.040+00:002014-02-02T22:11:34.040+00:00Seen the Nolan Chart?Seen the Nolan Chart?Lolahttps://www.blogger.com/profile/04586735342675041312noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-14919649648947472462014-02-02T21:08:54.046+00:002014-02-02T21:08:54.046+00:00I am under the impression that the faux lib are mo...I am under the impression that the faux lib are more often pro "small flat tax" on income.Kjhttps://www.blogger.com/profile/13530243002915410700noreply@blogger.com