The Forum > Article Comments > The planned obsolescence of the public interest > Comments
The planned obsolescence of the public interest : Comments
By Karl Fitzgerald, published 12/11/2015The benefits are profound. Land Tax is the only revenue mechanism to generate positive benefits for the economy.
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Demonstrating or determining? Demonstrating that things have value is usually much easier than determining how much they're worth. And though markets can easily determine the spot prices of gold and other commodities, predicting next year's value's much harder.
"The problem is specifically that you all remain completely unable to know or determine the appropriate or fair rate of tax."
Reality can certainly be a problem for some people. But you don't have to shut your eyes and pretend that you do know. Instead you can do what the rest of us do: compare potential alternatives. Because although you will never know what the optimum outcome is, it is not difficult to get some idea of which options are better than others.
I don't have a "mid-brain, herd-bound, unthinking assumption that tax is intrinsically, automatically beneficial". Some taxes (such as the GST) I think should be abolished. I do think the overall tax take should be raised from its current level; that's not because of any intrinsic factor but because I think better services would, at the moment, give greater overall benefits than lower taxes (the benefits of which have been greatly overstated in the past thirty years). Lower taxes bring some benefits, but they're a low priority compared to other alternatives that will bring much greater benefits.
I strongly suspect you're caught between your mid-brain, herd-bound, unthinking assumption that tax is intrinsically, automatically harmful, and your cerebral knowledge and understanding that that statement is not true. But you seem to convince yourself to go with your mid-brain, and assume everyone else is unable to resolve the apparent contradictions that you can't.
"And in what other field of human endeavour, would anyone dare to assert that an expenditure confers a net benefit, regardless what it was spent on,..?"
It's only cyclical deficit spending (which doesn't rely on prior tax revenue) that confers a net benefit regardless what it was spent on. And even there the more efficient the spending, the greater the revenue.