Also, I think it taxes should try to be uniform across the nation. I find it smelly for Texas to try to attract business from California it worse, Kansas to steal businesses from Missouri by promising not just lower tax rates but effectively zero tax.
Why is it not OK for China PR to manipulate the RMB but it is OK for Texas to lower worker rights to attract business? And no, I don't believe in this "laboratories of democracy" bs. There are things in which uniqueness is good but there are other times when we need a standard (you know like the Constitution and the bill if rights).
Now, I'd be all for a low tax, maybe 0.1% (due annually) of property value so that someone who owns one million dollars of land and building will pay $1000 extra each year. I'd go further and say no exceptions (not even non profit or charity) just to illustrate a simple problem: we don't know how to do any redistribution.
Should this new tax go directly to the county government to spend as they wish? Should it go to the state so they can take money from Lawrence and spend it in Kansas City, KS? Should it go to the federal government so it can spend more in Iowa than the tax raised from Iowa? I am just bringing this up because I've thought about the fetish among some people that everything would be OK if the federal government just backed off and let the state governments take charge. The problem is it wouldn't really fix the problem. I don't think Divide and conquer really works like this because we haven't divided the problem enough. Our States are too big themselves.
I guess my main point is that as long as the tax rate is uniform across the whole system regardless of location, I could live with a small land/house tax not exceeding 0.1% of property value so that a person with a million dollar house pays $1000 each year. The problem is in how we spend this money. Does the money have to be spent in the same neighborhood? Town? County? State? Country?
On my street of 11 houses, three are occupied by people that had their companies relocated to Texas because it was a more business friendly state. (Two from Los Angeles area and one from New York City.)
At my company there was talk of moving it to Boston, but I refused to consider doing it.
The competition between states gives all of us more liberty to choose places that govern their states differently.
Yes. Though they should not have a race to who can give the biggest special flavours to well connected companies. It would be better if regulations higher up (eg federal level) could be set up in such a way that states would compete to who can give the best business environment for everybody.
Why is it not OK for China PR to manipulate the RMB but it is OK for Texas to lower worker rights to attract business? And no, I don't believe in this "laboratories of democracy" bs. There are things in which uniqueness is good but there are other times when we need a standard (you know like the Constitution and the bill if rights).
Now, I'd be all for a low tax, maybe 0.1% (due annually) of property value so that someone who owns one million dollars of land and building will pay $1000 extra each year. I'd go further and say no exceptions (not even non profit or charity) just to illustrate a simple problem: we don't know how to do any redistribution.
Should this new tax go directly to the county government to spend as they wish? Should it go to the state so they can take money from Lawrence and spend it in Kansas City, KS? Should it go to the federal government so it can spend more in Iowa than the tax raised from Iowa? I am just bringing this up because I've thought about the fetish among some people that everything would be OK if the federal government just backed off and let the state governments take charge. The problem is it wouldn't really fix the problem. I don't think Divide and conquer really works like this because we haven't divided the problem enough. Our States are too big themselves.
I guess my main point is that as long as the tax rate is uniform across the whole system regardless of location, I could live with a small land/house tax not exceeding 0.1% of property value so that a person with a million dollar house pays $1000 each year. The problem is in how we spend this money. Does the money have to be spent in the same neighborhood? Town? County? State? Country?