ST Alpha - ""The right and the left agree we should tax consumption more and income less, but neither is willing to make any kind of meaningful move towards a " (Reading a Post)

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"The right and the left agree we should tax consumption more and income less, but neither is willing to make any kind of meaningful move towards a

Posted by Loyola Feb 25 '11, 14:35

value added tax (VAT).

The right seems afraid that this tax will be too effective and power an expansion of government. The left thinks a VAT is necessarily regressive (imposing more burden on poorer people), despite all the evidence that the impact of VAT depends on how it is designed � because you can choose what gets zero taxes (e.g., baby clothes) and high taxes (e.g., yachts)."

http://baselinescenario.com/2011/02/24/does-the-u-s-really-have-a-fiscal-crisis/#more-8711 (baselinescenario.com)

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My concern is that we wouldn't see a change in payroll, income or sales taxes, just an addition of a VAT. - TWuG Feb 25, 14:43 1
- I think I agree with your im in an abstract sense; also if companies are now people in the eyes of the law, either corporations should be paying - Loyola Feb 25, 15:06

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"The right and the left agree we should tax consumption more and income less, but neither is willing to make any kind of meaningful move towards a

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