Larry Summers: Europe Needs to Bail Its Periphery Out Now
Department of "Huh!?": Measuring American Economic Growth Department

Principles of Tax Policy: A Note

What we want to tax:

  • We want to tax labor.
  • We want to tax monopoly.
  • We want to tax luck.

And we want to do so progressively.

What we don't want to tax:

  • We don't want to tax thrift.
  • We don't want to tax innovation.
  • We don't want to tax risk-bearing.