Introduction -- Acknowledgments -- Do we tax capital income? -- Does the United States tax capital income? / Joel Slemrod -- Comment / Reed Shuldiner -- Comment / Jane Gravelle -- Should we tax capital income? -- Should capital income be subject to consumption-based taxation? / George Zodrow --...

Introduction : the challenge at hand -- At a fiscal turning point -- From whence it came -- Postwar fiscal policy : the gradual demise of fiscal democracy -- From controlling the present to controlling the future -- The four deadly economic consequences -- The three deadly political consequences...