“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.”

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About Robert J. Shiller

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"All taxes, except a 'lump-sum tax,' introduce distortions in the econ…" — Robert J. Shiller | Daily Quotes