- Copyright Page
- How Should Votes Be Cast and Counted?
- Voters and Representatives: How Should Representatives Be Selected?
- Divided Government: The King and the Council
- Executive Veto Power and Constitutional Design
- Politics and the Legal System
- Constitutional Review
- Institutions for Amending Constitutions
- Constitutional Transition
- Electoral Systems in the Making
- Choosing Voting Rules in the European Union
- Leviathan, Taxation, and Public Goods
- Fiscal Powers Revisited: The Leviathan Model After 40 Years
- Are There Types of Dictatorship?
- Are There Really Dictatorships?: The Selectorate and Authoritarian Governance
- The Coup: Competition for Office in Authoritarian Regimes
- The Logic of Revolutions: Rational Choice Perspectives
- Direct Democracy and Public Policy
- Policy Differences Among Parliamentary and Presidential Systems
- The Significance of Political Parties
- The Least Dangerous Branch?: Public Choice, Constitutional Courts, and Democratic Governance
- Challenges in Estimating the Effects of Constitutional Design on Public Policy
- The Political Economy of Taxation: Power, Structure, Redistribution
- The Politics of Central Bank Independence
- The Political Economy of Redistribution Policy
- Political Participation and the Welfare State
- Institutions for Solving Commons Problems: Lessons and Implications for Institutional Design
- Rational Ignorance and Public Choice
- Is Government Growth Inevitable?
- The Political Economy of International Organizations
- The Politics of International Trade
- Politics, Direct Investment, Public Debt Markets, and the Shadow Economy: What Do We (Not) Know?
- The Politics of International Aid
- Is Democracy Exportable?
- Ancient Greece: Democracy and Autocracy
- Christian History and Public Choice
- Voting at the U.S. Constitutional Convention
- Precursors to Public Choice
- Estimates of the Spatial Voting Model
- The Dimensionality of Parliamentary Voting
- Voting and Popularity
- Detection of Election Fraud
- Experimental Public Choice: Elections
- Experimental Evidence on Expressive Voting
Abstract and Keywords
This chapter restates the basic logic of constitutional restrictions on the government’s power to tax. It then examines an important proviso to that basic logic—namely, that if, as seems plausible, regulations are a substitute for fiscal measures as a mechanism for pursuing government objectives, then restrictions on the power to tax may give rise to worse interventions than taxes represent. Moreover, the discipline on foolish regulations seems likely to be more effective the higher the aggregate tax take.
Geoffrey Brennan is Professor at the Centre for Moral, Social and Political Theory at Australian National University.
Hartmut Kliemt is Professor of Philosophy and Economics Emeritus at the Frankfurt School of Finance and Management.
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