Capital Income Taxation and the Sustainability of Permanent Primary Deficits

Harald Uhlig ()

Chapter 12 in Market Behaviour and Macroeconomic Modelling, 1998, pp 309-337 from Palgrave Macmillan

Abstract: Abstract I place economy among the first and most important virtues and public debt as the greatest of dangers to be feared. To perserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessitites and in our comforts, in our labour and in our amusements. If we can prevent the government from wasting the labour of the people, under the pretense of caring for them, they will be happy. (Thomas Jefferson)

Keywords: Interest Rate; Capital Income; Capital Stock; Public Debt; Government Bond (search for similar items in EconPapers)
Date: 1998
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Working Paper: Capital Income Taxation and the Sustainability of Permanent Primary Deficits (1997)
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DOI: 10.1007/978-1-349-26732-3_12

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