Cogent Argument for Consumption Tax
Kudos
Kudos to the Institute for SocioEconomic Studies for taking out a half-page ad in the NY Times (not the paper most well-known for being accepting of classical liberal economic viewpoints) arguing for a consumption tax to replace the income tax.
The advert was well-worded, precise, and dogma-free. For example, did you know USA is only industrial country with a negative savings rate? And that a consumption tax (instead of income tax) would reduce the costs of goods manufactored in the US by 20 to 30 %? This would, as the ad says, help the poor and the middle-class, create jobs, and help get us out of debt.
Kudos to the Institute for SocioEconomic Studies for taking out a half-page ad in the NY Times (not the paper most well-known for being accepting of classical liberal economic viewpoints) arguing for a consumption tax to replace the income tax.
The advert was well-worded, precise, and dogma-free. For example, did you know USA is only industrial country with a negative savings rate? And that a consumption tax (instead of income tax) would reduce the costs of goods manufactored in the US by 20 to 30 %? This would, as the ad says, help the poor and the middle-class, create jobs, and help get us out of debt.
posted by Cameron Weber at 10:10 AM
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