Revolutionizing Tax Systems for Fairer and More Efficient Revenue Collection
The article discusses how current optimal tax theory is incomplete for guiding tax policy decisions because it doesn't fully consider the challenges of collecting taxes from people who may resist. The author explores three key ideas from optimal tax theory and how they influence tax policy. They propose a new approach called the theory of optimal tax systems, which takes into account the practical aspects of implementing tax policies. This new theory aims to address fundamental tax policy issues more effectively than traditional optimal tax theory.