Timeline for Optimality of Zero Capital Taxation
Current License: CC BY-SA 3.0
3 events
| when toggle format | what | by | license | comment | |
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| Mar 1 at 18:36 | comment | added | Alecos Papadopoulos | @KwameBrown As a matter of necessary logical consistency, all things happen for the first time. So imagine an up-to-know credible institution of government that has gained the trust of the citizens, with the consequence that no "commitment mechanism" is in place, since the government has time and again kept its promises. Then, a new bunch of guys comes in power -and we find out that these new guys do not keep their promises. | |
| Mar 1 at 18:07 | comment | added | Kwame Brown | But, if a commitment mechanism is not in place, then why will the government's commitment be credible? | |
| Nov 19, 2014 at 3:30 | history | answered | Alecos Papadopoulos | CC BY-SA 3.0 |