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Comments on: Dom post article: The technocrat’s tax http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/ The Visible Hand in Economics Thu, 19 Mar 2009 04:35:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Articles, economic flows, and tax authorities | TVHE http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-18198 Thu, 19 Mar 2009 04:35:55 +0000 http://www.tvhe.co.nz/?p=3039#comment-18198 […] And one that describes the possibility of centrally determined tax rates. (I have mentioned that one before). […]

]]> By: More bad tax policy … | TVHE http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-18015 Sun, 15 Mar 2009 23:55:16 +0000 http://www.tvhe.co.nz/?p=3039#comment-18015 […] is a good reason why I want tax policy to be set independently – so that the true cost associated with the dumping of the regional fuel tax can be […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-17505 Mon, 02 Mar 2009 21:56:47 +0000 http://www.tvhe.co.nz/?p=3039#comment-17505 “Responsiveness to public opinion can lead to bad policy”

Or even if the public is time inconsistent.

However, we need to balance this with the fact that we do need some mechanism to reveal the preferences of society …

]]> By: Brad Taylor http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-17352 Mon, 02 Mar 2009 04:42:26 +0000 http://www.tvhe.co.nz/?p=3039#comment-17352 “One good thing about government’s setting tax trates is that we can vote for or against them every three years. We wouldn’t have that power over an independent body.”

Responsiveness to public opinion can lead to bad policy if the public votes expressively. I suspect we’d be in much worse shape today without central bank independence.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-17119 Sat, 28 Feb 2009 19:55:38 +0000 http://www.tvhe.co.nz/?p=3039#comment-17119 “One good thing about government’s setting tax trates is that we can vote for or against them every three years. We wouldn’t have that power over an independent body.”

But the body sets taxes based on spending – we elect a government based on the amount they spend, and thereby implicitly we elect the level of our taxes as well

]]> By: Hompeaddock http://www.tvhe.co.nz/2009/02/28/dom-post-article-the-technocrats-tax/#comment-17050 Sat, 28 Feb 2009 10:24:22 +0000 http://www.tvhe.co.nz/?p=3039#comment-17050 One good thing about government’s setting tax trates is that we can vote for or against them every three years. We wouldn’t have that power over an independent body.

One good thing about an independent body setting tax rates is that they might do what’s right rather than what’s popular because they wouldn’t have to face voters.

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