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

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  •  Sure (1+ / 0-)
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    Roger Fox

    Yes, stimulatory measures at this point are needed more. However, the sooner we could implement the carbon tax the better. I don't see it happening any time soon but the longer we wait, the more we're just kicking the can down the road (cap and trade is even more unlikely and has some problems of its own)

    And VAT is not a terrible idea if it's done along with other fundamental changes to the tax code (to make it more progressive). Is this likely to happen? Am I an enthusiastic advocate of VAT? No. But to say VAT is like the gold standard is ridiculous (Europe has something to say to you).

    •  How to make a VAT progressive (0+ / 0-)

      Well, 47% dont pay a net income tax, right, so to approach that same figure, 47% need to not pay a VAT, in fact some people make out quite well with the Earned Income tax credit.

      SO folks who get money back, when they buy something the VAT has to give them money......

      And thats just the basics of dealing with making a VAT somewhat similar for households making 50k or less.

      Then the 200k Ferrari needs a good 200k-400k VAT

      Cause some working class dude gets a rebate, cause he has a job that when we had income tax he got 1k back.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Thu Nov 15, 2012 at 03:39:33 PM PST

      [ Parent ]

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