Why I (and many fans) are not supportive of luxury taxes as a salary containment mech
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10-29-2012, 04:14 PM
Join Date: Jan 2007
Location: Vancouver BC
Originally Posted by
Yeah luxury taxes don't work. It creates fiscal imbalance in a league. Basically you get the haves and have nots. Hardly ideal.
"not ideal" is kind of subjective. It would create an imbalance compared to the baseline of parody but the league might be just as strong overall if you have the big markets (which bring in the €ŁĄ) such as Toronto, NYR ect performing very well each year.
It's harder to grow new markets, but I'd argue it strengthens your existing and most important markets. Completely aligns with the 20/80 principle.
I'm not for free market/lux tax systems but I'm also not against them
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