Designing the Tax System — Optimal Income Taxation in 60 Minutes

Step into the Costaria Treasury and design a tax system from scratch. Apply the Mirrlees-Saez optimal-tax formula, calibrate it with modern elasticities, locate the schedule relative to the Laffer peak, and defend a six-instrument reform (PIT, EITC, capital tax, wealth tax, VAT, base broadening) against a sceptical Cabinet across three rounds — equity, efficiency, and political reality on the same page.