High taxes on labour discourage work. High taxes on capital gains discourage saving, investment, and risk taking. High taxes on activities which pollute will encourage consumers to switch to environmentally friendlier alternatives.Pigou opponents need to respond to this or they're merely blowing hot air.
Blogs, environment, politics, technology and the kitchen link, often all in one post!
Monday, November 13, 2006
Pigou or what? Part III
Mike Moffatt talks sense in the National Post: