Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
No, it just makes that rent go to the state instead.

To nurses, teachers, police, roads, infrastructure.

No. Taxes do not fund spending.

Unless the rentier was planning to spend the money on real goods and services, taxing it away does nothing to create spending room for the sovereign (nor, conversely, does it greatly affect demand - which is why tax-and-spend policies are effective in a depression).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jun 7th, 2011 at 05:57:36 AM EST
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