(a) it taxes everything rather than proceeds.
(b) it taxes those least ability the most
(c) it is a tax that interferes with the economy most causing the most price and labor distortions.
(d) it doesn’t incentivize the govt to invest in market returns instead of ‘rents’.
Source date (UTC): 2022-11-05 14:54:12 UTC
Original post: https://twitter.com/i/web/status/1588907539152130048
Reply addressees: @mindful_moose
Replying to: https://twitter.com/i/web/status/1588906285436899329
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