This paper by UCLA’s Kirk Stark (“Enslaving the Beachcomber: Some Thoughts on the Liberty Ojbections to Endowment Taxation“) seems like a good critique of an idea I’d never heard of, which would tax people based not on their income only but on their “earnings capacity.”
Source link: http://archive.mises.org/3064/endowment-taxation/
Endowment Taxation?
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Wow. I haven’t heard anything that asinine for a while (the original premise that inspired this article).
Let me get this straight: since I “tested” high enough as a youth that my recommended vocation should be medicine, I now must face taxation punishment for my decision to shun such a basket-weaving career?
Don’t socialist societies “plan” ahead of time what their children will be forced to do as adults?
Sound like this is being implemented at the bottom level in Germany – the unemployment system requiring women to work as prostitues to get benefits.
It’s just that the prostitute career track is the only one available, apparently. Just about every attempt you see to get people off benefits misses the real problem – people are unemployed because the jobs aren’t actually there. Why? Because regulation has stunted the economy.
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