Including "capital gains", "estate", and "income" varieties, give this general term for financial levies enacted by a government.
In one work, David Ricardo outlined the Principles of Political Economy and this concept. The Pigovian type of this concept is used to combat negative externalities, and deadweight loss results from their use. Milton Friedman advocated a negative version of one of these to replace governmental welfare; the type of this that he targeted was legalized in the US by the (*) Sixteenth Amendment. Including "capital gains", "estate", and "income" varieties, give this general term for financial levies enacted by a government.
In one work, David Ricardo outlined the Principles of Political Economy and this concept.
{tax} [accept word forms]