Previous Chapter Chapter 30: Critical Choices for Design and Operation of Public Revenue Systems Next Chapter

John L. Mikesell

In: Handbook of Public Administration

Chapter 30: Critical Choices for Design and Operation of Public Revenue Systems

Edited by: B. Guy Peters & Jon Pierre

DOI: http://dx.doi.org/10.4135/9781848608214.n31

Subject: Public Administration (general)

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Critical Choices for Design and Operation of Public Revenue Systems
Critical choices for design and operation of public revenue systems

Taxation is at the heart of democratic government in a modern market economy. Such a government requires resources to deliver services decided upon by representatives of the people and these resources must be purchased from private owners on the open market, not commandeered in the fashion of feudal lords or modern dictators. Those purchases require money and, although national governments have the power of seigniorage, money creation usually represents an economically unacceptable option. The history of horrendous inflation generated by uncontrolled money creation as a means of finance — the American Confederate States, post-First World War Germany, the countries of the former Soviet Union in the ...

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