Sunday, 15 November 2009

The Canons of Taxation

THE BEST MEANS of raising public revenues will be one that meets these conditions:
  1. It should bear as lightly as possible on production -- least impeding the growth of the general fund, from which taxes must be paid and the community maintained.
  2. It should be easily and cheaply collected, and it should fall as directly as possible on the ultimate payers -- taking as little as possible from the people beyond what it yields the government.
  3. It should be certain -- offering the least opportunity for abuse and corruption, and the least temptation for evasion.
  4. It should bear equally -- giving no one an advantage, nor putting another at a disadvantage.
We've known this for a long time. We've ignored it for a long time. Read on here: 1879, Henry George, Progress & Poverty, Chapter 33

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