tax models

[Fred Foldvary]

> Taxes on riches punish people for what they ARE;
> François-René ÐVB Rideau

This needs to be disaggregated into riches created by nature and riches
created by human action.
Taxes on the rent of natural-resource riches does not punish people, while
taxes on the products of human action does punish people.
 
> Now for the second type of taxation, taxation on transactions,
> seems fair to me. (1) one is taxed for things that one do
> and is thus responsible for;

What is fair about penalizing transactions that benefit the public and
imposing an excess burden on the economy?

Fred Foldvary