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by URSpider94 3222 days ago
Piketty and his collaborators being a notable and significant exception. https://eml.berkeley.edu/~saez/piketty-saezNBER12optKtax.pdf

Taxing capital is hard, because it's mobile. Governments are afraid that if they tax wealth at a high rate, the wealth will just move elsewhere. Thus, most businesses get some sort of property tax abatement as part of an incentive to locate in a particular city or state.

1 comments

But taxing capital would still be easier than taxing robot work, yes? Since taxing robots is effectively a tax on a difficult to define subset of capital
Not arguing with you there -- taxing robot work sounds almost nonsensical. If anything it would be a great jobs program for tax lawyers who will tie themselves in knots figuring out how to circumvent this ill-defined tax.

Taxing capital is very straightforward from a regulations standpoint. It's only hard in that the capital will tend to flee the tax.