Are you saying the states should have no fiscal autonomy and everything should be decided in DC? Which, I don't doubt it, would magically happen to settle on the highest tax rates possible.
Is this the world we should strive more? Ever bigger, ever more centralized state (the US, the EU, China) pushing for ever more taxes?
What you call "race to the bottom" is competition and it allows to keep some of the states who'd be tempted to go all-in on socialism in check.
I don't want to see what happens when there's no tax competition anymore anywhere in the world. I know how it ends and it's not going to be nice.
Comments
Are you saying the states should have no fiscal autonomy and everything should be decided in DC? Which, I don't doubt it, would magically happen to settle on the highest tax rates possible.
Is this the world we should strive more? Ever bigger, ever more centralized state (the US, the EU, China) pushing for ever more taxes?
What you call "race to the bottom" is competition and it allows to keep some of the states who'd be tempted to go all-in on socialism in check.
I don't want to see what happens when there's no tax competition anymore anywhere in the world. I know how it ends and it's not going to be nice.