Subject: thinking outside the box Comment: Dear Panel: Earlier I submitted a monograph for your review entitled "Painless Taxation." I provide you with a study by an Australian Economist named Terry Dwyer who has calculated that the economic rent (resources rent) in that economy is 27 percent of its GDP. See http://www.taxreform.com.au/Documents/TaxableCapacity.pdf#search='Terry%20Dwyer%20Australia%20land%20rent' Our NIPA accounts given a farcical estimate of 2 percent. Dr. Dwyer's work gives credence to the approach I have advocated. |