Tuesday, September 25, 2012

Parallel Universe Politics

On The Frontline last night, we had the bizarre spectacle of a socialist TD organising public resistance against a property tax and a Fine Gael TD saying that public funds have to come from somewhere.

Theobald "If the men of property will not support us, they must fall" Wolfe Tone would be spinning in his intellectual grave.

It's fascinating to watch public opinion develop when policy proposals are first introduced. Opinions are much more varied when a policy is not anchored to some norm. There are crucial nuances about double-taxation with respect to stamp duty and so on, but in general property taxes are equitable (rich people pay more) and efficient (low deadweight loss). It's mad to see Marxists/the United Left Alliance argue against property taxes.

I'm looking forward to watching the public debate on taxes evolve. I am also open to taking bets on when the United Left Alliance will change their tune.

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