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It's the most efficient tax system in the world.
"The U.S. sugar program is the most efficient tax we have," says Kempner with bitter sarcasm.
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ASK an economist about which are the most efficient kinds of taxes, and property taxes will be high up on the list.
But whoever clinches the nomination will be forced to take a stance.Besides Mr Gore, however, no plausible candidate of either party favours a carbon tax, the most efficient way to tackle emissions.
Although most economists argue that a carbon tax would be the most efficient solution, Sir Nicholas is neutral between a carbon tax and the other ways of raising the cost of emitting carbon by regulation or a cap-and-trade system.
For most taxpayers, saving for retirement is one the most efficient ways to lower your taxes while simultaneously building a nest egg.
The most efficient and fair way of reducing tax burdens is precisely the sort of across-the-board reduction in marginal tax rates offered by President Bush.
The key here is to realize that leaving everything to heirs upon death is not the most efficient strategy to minimize the estate tax.
For example, there's a consensus among economists that a carbon tax is the most efficient way to cut carbon pollution, and if made revenue-neutral, represents a small government solution that many conservatives support, with studies showing it would be good for the economy even without considering the economic benefits of minimizing climate damages.
Here's Exxon's CEO Rex Tillerson at last month's shareholder meeting: "Our valuation of those [policy] alternatives suggests that a carbon tax is the most efficient way to implement policy design to influence behavior".
Carbon taxes are the most efficient and effective way to put a dent in uncontrolled spewing of greenhouse gases.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com