Monday, May 3, 2010
Warren Buffet came out in support of Value Added Tax.
Warren Buffet came out in support a Value-Added-Tax. I proposed a
Badness Added Tax, which is a sortition-based consumption
tax. It has the advantages
that it promotes exports as the Value Added Tax,
And it also deals withtthe pollution haven issue--a country that has loose
environmental or labor standards can sell its products cheaper displacing
domestic industry in the country that wishes to have better environmental
or labor standards.
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