Friday, October 31, 2008

Tax Philosophy

I've always favored consumption taxes over income taxes. We should seek to discourage consumption and encourage income-generating activities.

On the other hand, public property should not be given away to private interests without compensation. Oil companies (and other mining interests) should pay royalties for their use of lands and resources that belong to the people at large. The level of payment should be similar to what they would pay a private landowner.