Truth To Power wrote:No, mainstream theory confirms that taxation of a factor in fixed supply, like land, is non-distortionary up to the full rental value.
That is a one line post.
And like many such post, it is hard to understand your point.
So, it seems you're saying that some taxes are non-distortionary. Specifically those that tax things that exist in a fixed supply. Are there any others than land? I don't think so, but I could be wrong.
Not that I give a rats ass about any conclusion of "mainstream" economists.
As I see it right now there are 3 main economic theories.
MMT, Neo-liberalism, and Keynesian economics are the 3. Which one is mainstream now?