scholarly journals Approaches to Efficient Capital Taxation: Leveling the Playing Field vs.Living by the Golden Rule

10.3386/w3559 ◽  
1990 ◽  
Author(s):  
Lawrence Goulder ◽  
Philippe Thalmann

1998 ◽  
Vol 2 (4) ◽  
pp. 492-503 ◽  
Author(s):  
David M. Frankel

A known result holds that capital taxes should be high in the short run and low or zero in the long-run steady state. This paper studies the dynamics of optimal capital taxation during the transition, when a high rate is no longer optimal but the economy is still in flux. The main result is that capital should be taxed whenever the sum of the elasticities of marginal utility with respect to consumption and labor supply are rising and subsidized whenever this sum is falling. If the utility function displays increasing relative risk aversion, this paradoxically implies that capital should be taxed when the capital stock is below the modified golden-rule level and subsidized whenever it exceeds this level. Thus, savings incentives sometimes can be more desirable when the capital stock is large than when it is small.









Author(s):  
Gregory R. Anrig
Keyword(s):  




Author(s):  
Pooja K. Agarwal ◽  
Nathan S. Rose ◽  
Henry L. Roediger


2011 ◽  
Vol 2 (1) ◽  
pp. 29-54
Author(s):  
Clyde Forsberg Jr.

In the history of American popular religion, the Latter-day Saints, or Mormons, have undergone a series of paradigmatic shifts in order to join the Christian mainstream, abandoning such controversial core doctrines and institutions as polygamy and the political kingdom of God. Mormon historians have played an important role in this metamorphosis, employing a version (if not perversion) of the Church-Sect Dichotomy to change the past in order to control the future, arguing, in effect, that founder Joseph Smith Jr’s erstwhile magical beliefs and practices gave way to a more “mature” and bible-based self-understanding which is then said to best describe the religion that he founded in 1830. However, an “esoteric approach” as Faivre and Hanegraaff understand the term has much to offer the study of Mormonism as an old, new religion and the basis for a more even methodological playing field and new interpretation of Mormonism as equally magical (Masonic) and biblical (Evangelical) despite appearances. This article will focus on early Mormonism’s fascination with and employment of ciphers, or “the coded word,” essential to such foundation texts as the Book of Mormon and “Book of Abraham,” as well as the somewhat contradictory, albeit colonial understanding of African character and destiny in these two hermetic works of divine inspiration and social commentary in the Latter-day Saint canonical tradition.



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