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Capital Income Taxation and the Sustainability of Permanent Primary Deficits

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  • Uhlig, H.F.H.V.S.

    (Tilburg University, Center For Economic Research)

Abstract

I place economy among the first and most important virtues and public debt as the greatest of dangers to be feared. To perserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessitites and in our comforts, in our labour and in our amusements. If we can prevent the government from wasting the labour of the people, under the pretense of caring for them, they will be happy. (Thomas Jefferson)
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  • Uhlig, H.F.H.V.S., 1997. "Capital Income Taxation and the Sustainability of Permanent Primary Deficits," Discussion Paper 1997-11, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:c1ae3c26-2aab-4f49-9c3d-845eda2c3110
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    Cited by:

    1. Wigger, Berthold U., 2009. "A note on public debt, tax-exempt bonds, and Ponzi games," Journal of Macroeconomics, Elsevier, vol. 31(3), pages 492-499, September.

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    Keywords

    income tax; deficit spending;

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