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’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.