Nicholas Kaldor argued:

Name: Nicholas Kaldor argued:
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Nicholas Kaldor, a prominent economist, argued that consumption is a better index of the ability to pay taxes than income because it more accurately reflects an individual's ability to spend. He also believed that savings do not entail a sacrifice that reduces well-being, as they are simply deferred consumption. Therefore, both statements (a) and (b) capture aspects of Kaldor's views on taxation and economic behavior.

Nicholas Kaldor Argued