Sources of Public Revenue that Make Nations Richer

18 Pages Posted: 16 Jun 2015

See all articles by T. Nicolaus Tideman

T. Nicolaus Tideman

Virginia Polytechnic Institute & State University - Department of Economics

Florenz Plassmann

SUNY at Binghamton, Department of Economics

Date Written: June 2015

Abstract

Among sources of public revenue that make nations richer, the most beneficial are charges for harms, such as pollution and congestion, and charges for the private benefits from public services. Increases in the money supply sufficient to keep price changes in line with expectations are also beneficial. Taxes on concentrations of wealth are beneficial if wealth inequality is considered harmful. Properly administered taxes on land do no harm and are beneficial when markets are imperfect. Among taxes that cause harm, the combination of a tax on labour income and a tax on inheritances is probably the least damaging.

Keywords: public revenue, taxation

JEL Classification: H20, H21

Suggested Citation

Tideman, T. Nicolaus and Plassmann, Florenz, Sources of Public Revenue that Make Nations Richer (June 2015). Economic Affairs, Vol. 35, Issue 2, pp. 197-214, 2015. Available at SSRN: https://ssrn.com/abstract=2618828 or http://dx.doi.org/10.1111/ecaf.12116

T. Nicolaus Tideman (Contact Author)

Virginia Polytechnic Institute & State University - Department of Economics ( email )

3021 Pamplin Hall
Blacksburg, VA 24061
United States

Florenz Plassmann

SUNY at Binghamton, Department of Economics ( email )

Binghamton, NY 13902-6000
United States
607-777-4304 (Phone)

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