Why or why not? Aren’t market agents/human action more of a factor in how much the govt gets than anything the govt can do (when it comes to income tax)? I’m asking because Rothbard seemed (to me) to reject Dr. Walter E Wiliams’ finding that income tax revenue is always about the same percentage o…

http://en.wikipedia.org/wiki/Laffer_curve

No in the short run government could steall almost all the wealth of society and society would function albeit in a crappy state. Maybe in the long run. In the long run most economic activity would settle into the black market as it did in the Soviet Union and China, and as it does increasingly in …

government is made up of human agents, just like the market. income tax depends on human agents and nonhuman agents, as nonhumans contribute to the market as well.

Please cite the claim that Walter Williams is a Keynesian. “Income tax” is just a euphemism. It is an annual property seizure*. As has already pointed out, a larger seizure nets more revenue for the government. Clayton - *There is no difference between a wealth tax and an income tax… both are wea…

@Clayton : I thought he was a monetarist. I guess I’m wrong. Sorry about that.

Monetarist is not Keynesian. Clayton -

As you can see, this is my first post. That being said, I am excited for many more to come. To address your question, intution might suggest that because income correlates to work which correlates to strength of the job market, yes the income tax revenue would be a stem from market strength. Althou…

[image] Is Walter E Williams a right wing keynesian or an Austrian? General It’s rather disingenuous to call anyone who doesn’t agree with abolishing the Fed as a “Keynesian”. Walter E. Williams is a right-wing, mainstream economist. Same with Thomas Sowell. …

Doesn't the market ultimately determine how much revenue income tax brings in?

Economics Economics Questions

nhsingh April 30, 2013, 4:56pm 9

there seems to be another thread for that question

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Doesn't the market ultimately determine how much revenue income tax brings in?

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