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rayiner 5 hours ago

I’m not classifying it as the best solution. I’m quoting an NPR article describing the consensus view of economics experts.

But as I understand it, the reason is that consumption taxes have the least distortion in terms of deviating from the efficient behavior in the no-tax scenario: https://www.weforum.org/stories/2019/09/using-tax-to-tackle-...

dpark 4 hours ago | parent [-]

That article spends most of its time explaining why a progressive consumption tax is obviously the right choice, then basically decries liberals as too dumb to understand it and conservatives as too evil to want it, but spends zero words to explain how a progressive consumption tax might possibly be implemented.