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by lazulicurio
2580 days ago
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Sure. But, IMO, among the income-based taxes, gross is still the most fair. Net/value-added is too easy to manipulate and too difficult to prove manipulation of. c.f. Hollywood Accounting[1] I also think that a progressive gross-based scheme would help prevent runaway growth in the case that r > g. At some point, the incremental cost of storing income becomes greater than the cost of passing the money through. [1] Not a tax, but dealing with a similar problem https://en.wikipedia.org/wiki/Hollywood_accounting |
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