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dpark 5 hours ago

This is not an expert consensus. It’s one random npr story.

Switching entirely to consumption tax is a billionaires dream. Dropping corporate income tax is a CFO’s dream. (Whoever wrote the line about how reinvested money shouldn’t be taxed is also an idiot. Taxes are on profits. Money reinvested in the business becomes an expense and so is not taxed. What is discouraged through business taxation is sitting on large corporate coffers.)

rayiner 4 hours ago | parent [-]

It's an NPR story with economics experts describing positions that are consensus in their field but politically unpopular.

> Tuesday's show presented the common-sense, no-nonsense Planet Money economic plan — backed by economists of all stripes, but probably toxic to any candidate that might endorse it... There you have it, six major proposals that have broad agreement, at least among economists.

astrange 4 hours ago | parent [-]

I doubt deleting income tax is a popular view among economists.

Income and payroll taxes have the feature that you always have the money when it's time to pay the tax. That also means they're disinflationary. Whereas property taxes can be inflationary because they may require you to sell assets.

snovv_crash 3 hours ago | parent [-]

Georgism style property taxes are only due on the sale of the property so also have the money available then.