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Progressive taxation

December 9, 2009

The UK's plan to tax banker bonuses at 50% is really quite clever. The tax is borne by the employer, not the employee, and so the following results: Bankers keep their bonuses, and the incentive structure (for better or worse) remains intact... Taxpayers extract value from the bank, and populist rage (somewhat) subsides... Shareholders suffer. […]

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Wanted: an economically viable alternative

June 15, 2009

I have to confess that I am finding Felix Salmon increasingly difficult to read. Today he reacts to Jim Suroweiki's proposal of an inverse gas tax, which would maintain a constant gas price: Surowiecki makes a strong case that consumer behavior, when it comes to reducing gasoline consumption, only really changes when there’s a spike […]

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