Tax Choice
Supporters of tax choice believe that taxpayers should have more of a say how their taxes are spent in the public sector. If taxpayers could choose which government organizations they gave their taxes to then their opportunity cost decisions would integrate their partial knowledge. For example, a taxpayer who spent more of his taxes on public education would have less money to spend on public healthcare. Allowing taxpayers to demonstrate their preferences would help ensure that the government succeeds at efficiently producing the public goods that taxpayers truly value.
Read more about this topic: Tax Reform
Famous quotes containing the words tax and/or choice:
“In 1845 he built himself a small framed house on the shores of Walden Pond, and lived there two years alone, a life of labor and study. This action was quite native and fit for him. No one who knew him would tax him with affectation. He was more unlike his neighbors in his thought than in his action. As soon as he had exhausted himself that advantages of his solitude, he abandoned it.”
—Ralph Waldo Emerson (1803–1882)
“The base of all artistic genius is the power of conceiving humanity in a new, striking, rejoicing way, of putting a happy world of its own creation in place of the meaner world of common days, of generating around itself an atmosphere with a novel power of refraction, selecting, transforming, recombining the images it transmits, according to the choice of the imaginative intellect. In exercising this power, painting and poetry have a choice of subject almost unlimited.”
—Walter Pater (1839–1894)