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J. Mark Ramseyer & Minoru Nakazato, Tax Transitions and the Protection Racket: A Reply to Professors Graetz and Kaplow, 75 Va. L. Rev. 1155 (1989).


Abstract: Graetz and Kaplow (1986) took the analysis of tax reform beyond rhetorical condemnations of retroactivity. They seemed also to take it beyond the automatic imposition of grandfather rules and beyond Adam Smith's famous preference for old taxes over new. Unfortunately, Graetz and Kaplow make several assumptions...