Share of revenue

Saturday, April 30, 2011

These include abolishing payroll taxes on employers and employees, making income tax more progressive, raising a larger share of revenue from pollution taxes, instituting an age – related Citizen’s Income or what used to be called a social dividend, moving from income taxation toward a general expenditure tax, and imposing a stiff tax on large holdings of wealth.

It cannot be said that the transition to Pathological would be uneventful on the political front. On the other hand, if the purpose of all this redistribution were only to offset the worsening of inequality brought about by the achievement of full employment, the necessary changes might be small, though still radical.