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The People's Line
No, our economic theories are not symmetrical

No, our economic theories are not symmetrical

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Carl Beijer
Sep 28, 2015
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“If it were appropriate to pay taxes on capital gains, why wouldn’t it be appropriate to pay negative taxes on capital losses? Economic theories tend to be symmetrical. And yet capital losses do not result in negative taxes, except in certain limited cases. And why only those cases?” – Scott Sumner

Insofar as economics is an actual science that expresses…

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