An advantage of taxing wages and profits less,and taxing pollution and waste more,would be the improvement of environmental quality through full-cost pricing.

Full-Cost Pricing

involves incorporating both the direct and indirect costs, such as environmental impacts, into the price of goods and services.

Taxing Pollution

Implementing financial charges on the release of pollutants into the environment as a means to incentivize pollution reduction.

Environmental Quality

A measure of the condition of an environment, including air, water, soil, and living organisms, often assessed to ensure sustainability and human health.