Showing posts with label value added tax. Show all posts
Showing posts with label value added tax. Show all posts

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.