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:
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
—Ronald Reagan (b. 1911)
“If the heart beguiles itself in its choice [of a wife], and imagination will give excellencies which are not the portion of flesh and blood:Mwhen the dream is over, and we awake in the morning, it matters little whether ‘tis Rachael or Leah,—be the object what it will, as it must be on the earthly side ... of perfection,—it will fall short of the work of fancy, whose existence is in the clouds.”
—Laurence Sterne (1713–1768)