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Wednesday, October 18, 2006

Tax waste not capital

Tyler Cowen in US News and World Report:
Phase out all forms of capital income taxation, including the corporate income tax, and replace them with a carbon tax, including a gasoline tax. "Savings and investment boost economic growth, but when it comes to energy, global warming threatens as a major problem and our dependence on Middle Eastern oil damages our foreign policy."
Kitchen Linker prefers Al Gore's proposal to tax waste not work but either or a combination is critical.

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