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"Many of the most pernicious economic institutions and policies create entry barriers or manipulate factor prices to transfer resources from entrepreneurs and workers to groups that hold political power. These inefficiencies partly result from the fact that direct and efficient fiscal...
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We argue that the US tax system is biased against labor and in favor of capital and has become more so in recent years …. As a consequence, it has promoted inefficiently high levels of automation. Moving from the US tax system in the 2010s to … employment by 1.14-1.96%, but in this case efficiency can be increased by imposing an additional automation tax to reduce the …
Persistent link: https://www.econbiz.de/10012482009
Many of the most pernicious economic institutions and policies create entry barriers or manipulate factor prices to transfer resources from entrepreneurs and workers to groups that hold political power. These inefficiencies partly result from the fact that direct and efficient fiscal instruments...
Persistent link: https://www.econbiz.de/10012462959
We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good provision are decided by a self-interested politician who cannot commit to policies. We show that, as long as the discount factor of the politician is equal to or greater than...
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