by Byrne Hobart
Via MauledAgain, I found a fascinating story about New Jersey’s tax on telephone poles owned by the ‘dominant provider’ in the state. As Maule points out, it’s a hard law to understand: it’s not just about revenue or beautification, because this would apply to taxing any phone company, not just the largest. He adds:
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One wonders why a tax would be imposed only on the dominant provider. Was it an attempt to disadvantage the market leader in order to boost the competition and level the playing field? It is a rather interesting way to spread the wealth. Imagine an income tax imposed only on the largest software company, the biggest bank, the top-paid baseball player, and so on.