Taxation Of Upper-Case Missive Of The Alphabet In Addition To Labor

"Redistributing from Capital to Workers: An Impossibility Theorem" is a fine ship yesteryear Garrett Jones on Econlog, explaining the theorem that the optimal taxation on upper-case missive of the alphabet is zero. It's the best blog-post length, evenhanded, accessible summary I've seen. It includes all sorts of links where you lot tin come across arguments inwards detail, an unusually scholarly approach for a weblog post.

His one-sentence summary

 Under standard, pretty flexible assumptions, it's impossible to taxation capitalists, give the coin to workers, in addition to heighten the full long-run income of workers. Not, hard, non inefficient, non socially wasteful, non immoral: Impossible.