Taxation and Expenditure

David Reisman
Additional contact information
David Reisman: Nanyang Technological University

Chapter 3 in James Edward Meade, 2018, pp 47-67 from Palgrave Macmillan

Abstract: Abstract Having decided on market allocation combined with statist social engineering, Meade relied on politicians and civil servants to devise and implement the taxes, transfers and investments. Income taxes should be broadly proportional but with a surtax on higher incomes. More important, there should be an expenditure tax, in line with the proposals of Nicholas Kaldor, that would cap divisive ostentation and encourage productive saving. Taxes on capital transfers such as estate duties would limit the intergenerational transmission of wealth but an annual levy would be excessively disruptive, both economically and socially. The national debt should be eliminated save as a short-term macroeconomic tool.

Keywords: Taxation; Transfers; Services in kind; National debt; Wealth and inheritance (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-3-319-69281-4_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319692814

DOI: 10.1007/978-3-319-69281-4_3

Access Statistics for this chapter

More chapters in Great Thinkers in Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().