Hacker News new | ask | show | jobs
by tomatocracy 2785 days ago
I think the idea is that governments should tax things which aren’t as mobile (personal incomes, land, consumption etc) in order to minimise the distorting effects on the market tax can otherwise have. There are positives and negatives to that but it’s not totally obviously bad.
1 comments

When most of your income comes from being an owner, as opposed to a worker, your 'personal income' is incredibly mobile.