"A One Parameter Graduated Expenditure Tax"

The first of a pair of linked papers (the other being "A One Parameter Earned Income Tax") which between them describe— in theory at least— a way to bring about a fair and efficient redistribution of income from capital to labor on a scale sufficient to fully compensate for the losses to labor caused by current trade and immigration policies on the one hand, and by automation in the form of the never-ending introduction of new labor-saving technologies on the other.