[After November emails with Avinash Dixit, I think I’ve found the flaw in my argument below: I assume we are starting with suboptimal income taxes.
For a while I have suspected that implementing tariffs instead of an income tax would be beneficial, so I quite appreciate this write-up. Good analysis, and plenty to think about.
For a while I have suspected that implementing tariffs instead of an income tax would be beneficial, so I quite appreciate this write-up. Good analysis, and plenty to think about.