Comment: The Engler-Knoll Consumption Tax Proposal: What Transition Rule Does Fairness (or Politics) Require?
Stanford Law School
Southern Methodist University Law Review, 2003
This commentary on the Engler-Knoll proposal on transitioning from an income tax system to a consumption tax system argues that full transition relief is unfair because it "overcompensates holders of capital, exacerbates unequal distribution of wealth, and reduces welfare." While acknowledging that the Engler-Knoll proposal is ingenious, the commentary argues that a cash flow tax with limited transition relief and lower rates is more likely to be enacted than the Engler-Knoll proposal.
Accepted Paper Series
Date posted: May 8, 2003
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