When it comes to tax policy, I have a few proposals that I think Trump will be amenable to, these all serve specific purposes.
1) ELIMINATE ALL TAXES EXCEPT WHAT I DESCRIBE BELOW
2) LAND VALUE TAX
Is widely recognized as the least distortionary and most socially just tax. Look up Georgism. Private residences and family farms will be exempt. New Zealand did this back when it was still based and it was great.
3) TARIFFS
NOT for use in industrial policy, but CONSTANT tariff rates for each country fixed in law. Industrial policy is corporate welfare. It’s corrupt. Constant tariffs will still favor some industries over others (those that face more foreign competition), but it’s more rare and I’d rather tariff than tax AS A WAY OF RAISING REVENUE. Tariff policy should be aimed at punishing enemies of America and liberty worldwide.
3) NATURAL RESOURCE EXTRACTION TAX. Pairs with the ethical argument for Georgism but must be some kind of fixed rate; I don’t want the govt fucking with resource extraction for environmentalist reasons.
4) As a sop to global warming freaks, CARBON TAX at the point of fuel use and not to be taxed again. Like, only when you sell the fuel itself. Must be set by an independent committee of environmental economists and requires approval of Congress to increase but not to decrease. MUST BE SET BY ENVIRONMENTAL ECONOMIST COMMITTEE. Congress can veto a tax hike but not a tax cut.
5) A separate and especially punitive CARBON TARIFF for foreign imports made with carbon emissions.
6) END THE FED
NEW STANDARD OF A WELL-DIVERSIFIED PORTFOLIO OF SPECIE, CRYPTO AND COMMODITIES FUTURES
7) INCOME SUBSIDY FOR LOW INCOME AMERICANS
HIGHER CORPORATE INCOME TAX
9) PIGOUVIAN TAXES (taxes meant to penalize a company for things that are unavoidable, but still socially harmful, like industrial smog) set by the EPA. Distinct from the CARBON TAX.
