Books by James M. Buchanan, Geoffrey Brennan

But if you are otherwise not so keen on this Brennan-Buchanan argument , what exactly are the grounds for opposing this?  It taxes the relatively wealthy, and it taxes income from wealth.  It taxes finance.  I haven’t heard anyone oppose the tax on the investment income of private foundations, other than diehard anti-tax types.  That tax has hardly vanquished the private foundation form.  On top of all that, university endowments seem to have long time horizons, and to play the g > r game pretty...