Does the US economy face a ‘‘Fiscal Trilemma’’?

PFR_72ppiRGB_150pixwRead more in the Special Issue just published in Public Finance Review. Here are some of the questions that the James Alm and Steven Sheffrin of Tulane University address:

Are the goals we have for our tax system mutually incompatible? This is the
question that we posed to a distinguished group of tax economists at a conference
hosted by the Murphy Institute and the Department of Economics at
Tulane University in October 2012. More specifically, we asked whether
the US economy faced a ‘‘fiscal trilemma’’: Can the three goals of revenue
adequacy, fairness, and promotion of economic growth all be achieved, or
do we have to sacrifice one of these goals to meet the others?

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This entry was posted in Income and tagged by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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