Abstract
In the market place, buyers are normally charged, not according to their ability to pay, but according to the market value of what they buy. No means test is carried out when shoppers buy groceries, nor is any investigation made into their personal wealth. Yet, in the queues at the supermarket check-outs, there is no outcry against the same prices being charged to rich and poor alike without regard to financial circumstances. You pay for what you get; that is the Law of the Market.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Copyright information
© 2013 Robert Anthony Rayman
About this chapter
Cite this chapter
Rayman, R.A. (2013). Taxation and “The Law of the Market”. In: Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-30450-6_15
Download citation
DOI: https://doi.org/10.1007/978-1-137-30450-6_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-67150-2
Online ISBN: 978-1-137-30450-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)