- Adam Smith said that taxes should be efficient, certain, convenient and fair. Against that standard, today’s tax policies are unforgivably cack-handed. Politicians rarely consider the purpose and scope of taxation. When they do change tax codes, they clumsily bolt on new levies and snap off old ones, all in a rush for good headlines.
The Economist is simply one of the finest newspapers in existence, and also is one of the last bastions of Fine Writing in the English language.
Now they take a look at the entire model of taxation; what is being taxed, why, and how. And propose alternatives.