Open AccessAn Economic Philosophy towards the Axiological Good via Taxation
Author(s) -
Fred Y. Ye
Publication year - 2019
Publication title -
journal of economics, trade and marketing management
Language(s) - English
Resource type - Journals
eISSN - 2642-2417
pISSN - 2642-2409
DOI - 10.22158/jetmm.v1n2p60
Subject(s) - economics , tax rate , tax policy , public economics , tax reform , depression (economics) , indirect tax , monetary economics , microeconomics , macroeconomics
Using synthetic epistemological model with axiological framework, it is revealed that tax reduction is good policy when tax rate is lower than normal, and that tax increase is good policy when tax rate is higher than normal, during economic overheat. Meanwhile, it is found that tax reduction is good policy when tax rate is higher than normal and that tax increase is good policy when tax rate is lower than normal, during economic depression. Around two economic issues: 1) how to distribute social wealth between rich agents and poor ones, as well as nations and enterprises? 2) how to maintain social justice via making balance between equality and efficiency? It is suggested to apply elastic tax system towards the axiological good in social economy.