Economics: Part 1: How Tax Incentives Create Inequality & Part 2: How to Use Tax Incentives to Devour Inequality and Create a Universal Income Dividiend
Tax incentives are an external diseconomy. If you are unfamiliar with that terminology, allow me to offer a visual aid: Pollution coming out of a smoke stack is an external diseconomy. Tax incentives enhance a business’ after tax earnings, but the tax incentives are a cost borne by the community. Question: How do you know when the external diseconomy has been …