Unless it falls on the immovable assets (i.e. housing) form of wealth it will be prone to large scale avoidance in the same way as iht. Many forms of capital are moveable, fungible and protean. Getti… (View Post)

To find the maximum point on the Laffer curve the condition is that the elasticity of the tax base with respect to the tax rate is equal to one. Your sense is therefore that said elasticity <1. Ot… (View Post)

Accepted that there are lingering effects, but we cannot yet know about long-term effects can we? (View Post)

But she does! edit: snap! (View Post)

Universities are nowadays run by a cadre of administrators, many of whom are erstwhile academics who saw better opportunities for advancement away from teaching and research. Generally speaking they … (View Post)