If you own a piece of land, the State government wants to know. Why? Because you expect the government to enforce your exclusive right to occupy or let that land. Moreover, as the total supply of land is fixed, it is a matter of public interest that you are depriving...
BLOG: Gavin Putland
Critique of the Debits Tax and Turnover Tax
By Gavin R. Putland It has been claimed that all Federal taxes, which together amount to more than 25 percent of GDP, could be replaced by a 2 percent turnover tax. How so? Because the low tax rate would be applied many times on the way to the consumer, so that the...