From a theoretical point of view, lifetime income would be ideal, but the practical problems in estimating it are enormous. - Harvey S. Rosen

If it makes sense to transfer income from rich to poor people within a generation, why shouldn't we transfer income from rich to poor generations?

Peoples views on how the government should conduct its financial operations are heavily influenced by their political philosophies.

Some argue that an income tax is unfair because it taxes capital income twice: once when the original income is earned, and again when the investment produces a return.