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.