Assets Quote by Robert Reischauer
“Any substantial tax reform would involve substantial redistributions of tax burdens and substantial changes in asset values, and you need some 'lubrication' (i.e., transition rules).”
About This Quote
Source Speech: Economic Forum, 2018
Tax reform must include transition mechanisms to manage shifts in burdens and asset values.
In simple terms: Tax changes need easing rules.
Key Takeaway
Plan transitional policies for tax changes.
Themes
economics
policy
fairness
Mood
analytical
concerned
Type
policy
educational
When to use this quote
- government budgeting
- business planning
- wealth redistribution
- investment strategy
Key Concepts
public finance
tax law
Questions to Reflect On
- What safeguards can protect vulnerable groups?
- How can policymakers balance efficiency with equity?
A Different Perspective
Transition rules can be politically contentious.
![“I'm in favor of doing tax reform, but I think tax reform ought to be revenue neutral as it was back during the [Ronald] Reagan years. We've resolved this issue.” quote by Mitch McConnell](https://sms4smile.com/quotes/img-quotes/76b/mitch-mcconnell-2153_favors_i-m-in-favor-of-doing-tax-reform-but-i-t_2583823.jpg)
![“[When I die], I will decidedly not be regretting missed opportunities for a good time. My regrets will be more along the lines of a sad list of people hurt, people let down, assets wasted and advantages squandered.” quote by Anthony Bourdain](https://sms4smile.com/quotes/img-quotes/ba3/anthony-bourdain-649_advantage_when-i-die-i-will-decidedly-not-be-regre_24502.jpg)
