This is EXACTLY the optimal policy recommended in a famous paper by Arnott & Stiglitz, and is also known as the Henry George Theorem.
papers.ssrn.com/sol3/papers.cf…
Our best evidence indicates that progressive income taxes don't discourage people from working very much: rajchetty.com/chettyfiles/mi…
So this is a pretty "safe" form of taxation.
Moderate inheritance taxes can actually raise savings rates in some conditions: brookings.edu/wp-content/upl…
But a 100% inheritance tax rate would probably reduce aggregate saving quite a bit. So this is a bit extreme and dangerous.
Taking the property of anyone who leaves the country sounds pretty fascist. Taking the property of rebels seems to give government an incentive to classify people as "rebels".
Not much econ needed for this one.
A central bank is great to have, but government allocation of credit doesn't tend to do well. papers.ssrn.com/sol3/papers.cf…
Seems like an invitation to massive corruption, not to mention incompetence.
Nationalizing communication sounds like China's internet and press control methods. Pass.
Public transport is certainly important. People go back and forth about its merits.
nber.org/papers/w8613
SOEs generally aren't very efficient: nber.org/papers/w20930
Not sure what "wasteland" meant 150 years ago, but cleaning up toxic waste is pretty good! nber.org/papers/w16655
It seems pretty clear that collectivized agriculture is one of the most disastrous policies humans have ever tried. nber.org/papers/w16361.…
Agglomeration economies - i.e. the economic benefits of urbanization - are very strong: nber.org/chapters/c7977…
Universal public education is pretty great: nber.org/papers/w6439
And child labor is pretty gross.
Hindsight is 20/20!
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