Talk about even GE based impacts on various agents
Of any flow rate changes
Needs to look at the one time stock reval effects involved
They may well swamp the flow effects
Suddenly to go over from a progressive income tax to a progressive consumption tax
Would lead to a huge burst in value to existing security holders
without even any change in returns to new buyers of securities
Facing higher prices off setting higher yields
Hence the needed implementation
of a one time wind fall tax
