Comment: The Engler-Knoll Consumption Tax Proposal: What Transition Rule Does Fairness (or Politics) Require?

Posted: 8 May 2003

Abstract

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.

Suggested Citation

Bankman, Joseph, Comment: The Engler-Knoll Consumption Tax Proposal: What Transition Rule Does Fairness (or Politics) Require?. Southern Methodist University Law Review, 2003. Available at SSRN: https://ssrn.com/abstract=405721

Joseph Bankman (Contact Author)

Stanford Law School ( email )

559 Nathan Abbott Way
Stanford, CA 94305-8610
United States
650-725-3825 (Phone)
650-725-7663 (Fax)

Register to save articles to
your library

Register

Paper statistics

Abstract Views
535
PlumX Metrics