Robert J. Shiller quote

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All taxes, except a 'lump-sum tax,' introduce distortions in the economy. But no government can impose a lump-sum tax - the same amount for everyone regardless of their income or expenditures - because it would fall heaviest on those with less income, and it would grind the poor, who might be unable to pay it at all.
Robert J. Shiller
Robert J. Shiller
Robert J. Shiller
Born: Mar 29, 1946

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Government, Fall, Pay, Everyone, Those, Unable, Introduce, Would, Except, Economy, Because, Impose, Same, Expenditures, Heaviest, Tax, Regardless, Grind, Poor, Might, Taxes, Less, Who, Income, Amount

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