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Full-Text Articles in Law
Marijuana Taxation: Theory And Practice, Benjamin Leff
Marijuana Taxation: Theory And Practice, Benjamin Leff
Articles in Law Reviews & Other Academic Journals
Marijuana legalization creates a host of complex legal problems, not the least of which is how to best tax the emerging legal market. This Essay attempts to bridge the gap between tax theory and marijuana policy to make some modest claims. First, it roots the discussion of state-level marijuana taxation in the theoretical distinction between ordinary revenue-raising taxes and "Pigouvian" or regulatory taxes. It makes the somewhat controversial claim that the best taxing strategy for states is to attempt to capture as much of the marijuana legalization premium as possible without driving consumers into the illegal market and that other …
Eitc For All: A Universal Basic Income Compromise Proposal, Benjamin Leff
Eitc For All: A Universal Basic Income Compromise Proposal, Benjamin Leff
Articles in Law Reviews & Other Academic Journals
Universal Basic Income ("UBI") is a concept that has recently begun to enter the popular political consciousness in the United States. It is defined as "a regular cash income paid to all, on an individual basis, without means test or work requirement." It is invoked for a wide variety of political and social purposes, but is almost always presented as radically different from existing governmental welfare and transfer systems. Once a UBI is disaggregated into discrete policy components, it is possible to imagine to what degree existing programs share the benefits (and detriments) of a UBI to a greater or …
Is Financial Instability A Tax Problem With A Tax Solution?, Hilary Allen
Is Financial Instability A Tax Problem With A Tax Solution?, Hilary Allen
Articles in Law Reviews & Other Academic Journals
Financial regulation and taxation are two fields of law that are notoriously complex and specialized. Given thiscircumstance, it is perhaps not surprising that financial regulators often pay little attention to tax, and focusinstead on their own sphere of influence. Unfortunately, financial regulators ignore tax incentives at the peril offinancial stability.