I’m not sure which part about this you’re not getting and I don’t want to explain what elasticity is. LVT and UBI not distorting prices isn’t contentious outside of internet arguments like these. No offense but have you taken econ 101?
You make a fair point about the adversarial relationship. I can see how you might be right about that. I’m only disputing the claim about LVT leaving economic rent, and that it would cause inflation. Since that’s the initial claim, I would like you to cite studies for that first.
I’ve taken econ 101. It seems like you’ve only taken econ 101. I know of no serious academic that argues that lvt has no price distortions, only that lvt has lower price distortions than other modes of taxation.
What economics education do you have? I’ve spent years studying neoclassical, Keynesian, and Marxist economics. (Well, more than a decade on marxist economics, I’ve even read translated Vietnamese and Chinese texts on it) I am confident in saying that the assumptions you are relying on is faulty on theoretical bounds within neoclassical economics (which is where your argument is coming from) as well as within Marxist economics. But theory only goes so far, and if you have empirical evidence to the contrary I’d love to see it.
I’m not sure which part about this you’re not getting and I don’t want to explain what elasticity is. LVT and UBI not distorting prices isn’t contentious outside of internet arguments like these. No offense but have you taken econ 101?
You make a fair point about the adversarial relationship. I can see how you might be right about that. I’m only disputing the claim about LVT leaving economic rent, and that it would cause inflation. Since that’s the initial claim, I would like you to cite studies for that first.
I’ve taken econ 101. It seems like you’ve only taken econ 101. I know of no serious academic that argues that lvt has no price distortions, only that lvt has lower price distortions than other modes of taxation.
What economics education do you have? I’ve spent years studying neoclassical, Keynesian, and Marxist economics. (Well, more than a decade on marxist economics, I’ve even read translated Vietnamese and Chinese texts on it) I am confident in saying that the assumptions you are relying on is faulty on theoretical bounds within neoclassical economics (which is where your argument is coming from) as well as within Marxist economics. But theory only goes so far, and if you have empirical evidence to the contrary I’d love to see it.