Citation:
Dagan, Nir . “On The Least Sacrifice Principle In Taxation”. Discussion Papers 1994. Web.
Abstract:
Utilitarian philosophers and economists recommended that when applying taxation programs, government should minimize the sum total of sacrifice made by individuals. This paper presents a model and an axiom system of taxation policies, in which the Least Sacrifice Principle is derived. A key axiom in our characterization is self-consistency. Other relations between self-consistency and welfare maximization in our model and in other models are also discussed.