On: Facebook Q3 2020

[spiderfarmer]

Why wait for an “eventual” trickle down effect?

[granzymes → spiderfarmer]

Because you can better control the tax incidence.

https://www.milkenreview.org/articles/the-progressive-case-f...

https://www.theatlantic.com/business/archive/2010/10/why-we-...

[MrPowers → granzymes]

Yes, and the deadweight loss of taxation. Taxing income is economically inefficient (because huge resource investments are needed for compliance).

It's more efficient to tax land, gas, and soda. See Pigovian taxation for more details: https://en.wikipedia.org/wiki/Pigovian_tax

[triceratops → MrPowers]

Why not both?