Yes, and the deadweight loss of taxation. Taxing income is economically ineffici...

MrPowers on Oct 29, 2020 | parent | context | favorite | on: Facebook Q3 2020

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 on Oct 30, 2020 [–]

Why not both?