From one of the few truly gifted economists around. Shiller on how taxe codes could manage the inequalities we currently see, and therefore avoid class war. Video below.
Perhaps a better way to provide fairness in taxation is to have companies taxed with the amount of wage distribution as an input / variable. That is to say, the more wages the companies returns into society as wages to it’s employees the lower tax rate they are charged. Those small, one person companies that spread no wealth can be taxed at the higher rate.It would be part of the equation, along with income, expense etc to work out the final tax paid. It would stimulate jobs and bring about a little more equality in taxes paid.
Perhaps a better way to provide fairness in taxation is to have companies taxed with the amount of wage distribution as an input / variable. That is to say, the more wages the companies returns into society as wages to it’s employees the lower tax rate they are charged. Those small, one person companies that spread no wealth can be taxed at the higher rate.It would be part of the equation, along with income, expense etc to work out the final tax paid. It would stimulate jobs and bring about a little more equality in taxes paid.
We need ONE tax: A progressive real estate tax.
$100k and under, no tax.
At $50MM and above, 22%.
Figure the curve out depending on how much government we want.