It is not such a good idea to tax (work and) labour as it would be to tax wealth, alone.
Labour and work is something people do not really want to do, they would prefer to be doing something else otherwise it would be called recreation. They are working because someone else wants them to do the work and is paying them, so it makes little sense for the government to provide yet more disincentive against the behaviour. We should forgive those who seek to improve their circumstances. If revenue must be taken it should be taken from the place where its absence will cause the least harm, that is it should be taken from the rich.
Sunday, 22 May 2011
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