Endowment Tax

A consensus is hard to come by, and to the extent you find one you should be suspicious of it. There are hints of such a consensus among several prominent tax scholars—endorsement of endowment as the ideal tax base. An endowment tax would be based on …

Advances in genetic research promise to loosen the tradeoff between progressivity and efficiency by allowing tax liability (or transfer eligibility) to be based in part on immutable characteristics of individuals (“tags”) that are correlated with …

Writing in 1888, Francis A. Walker, the first president of the American Economic Association, claimed that the ideal tax base was neither wealth, nor income, nor consumption, but rather 'faculty, or native or acquired power of production.' According …