Thanks for writing this - very informative. I'm just wondering why, given their stance, Atkinson and Stiglitz are cited as supporting low capital taxation? Is it because advocates for low CT want to make the discussion all about the 'return for risk' component and ignore compensation and rent?
Thanks for writing this - very informative. I'm just wondering why, given their stance, Atkinson and Stiglitz are cited as supporting low capital taxation? Is it because advocates for low CT want to make the discussion all about the 'return for risk' component and ignore compensation and rent?