@cshentrup @sjwrenlewis “Tax Pigou and progressive. Transfer flat. Encourage equity. Contain the banks.” me, long ago. interfluidity.com/posts/123216

but i’m cool with income and wealth taxes, which are close to “lump sum” taxes with low deadweight costs, especially when progressive. (Income or wealth taxes of the very rich alter consumption behavior hardly at all, since their marginal propensity to consume is about zero).