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View Diary: Killing Sacred Liberal Cows, or What Economists Think About the Economy (105 comments)

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  •  Consumption tax? No. (2+ / 0-)
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    tommymet, FishOutofWater

    I'm familiar with value added tax from time spent in France.  If it works there it's because income is also taxed and the public doesn't faint at the thought of 75% at the upper end of a graduated scale.  They're not afraid of words like 'socialism' and 'redistribution' either.  For the amount of tax paid the people can expect to have an education with high standards, healthcare that is judged favorably against other countries, and a retirement.  There's none of the 'government is the problem' nihilism that infects Americans.  

    In the US, a consumption tax would just be an easy way to  stick it to people who can least afford to be stuck.  You'd see the GINI coefficient number continue to move away from the standard of a developed western country.

    "Those who deny freedom to others, deserve it not for themselves." - Abraham Lincoln

    by leftreborn on Thu Nov 15, 2012 at 12:02:22 PM PST

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