|Monday, February 11, 2008||(Comment)|
How the Left could learn to love a retail tax
Conventional wisdom holds that replacing income tax with a consumption tax would be regressive, and that it would devalue past savings by raising prices. Both objections assume that gross wages and salaries would stay the same. If, instead, net wages and salaries stay the same, both objections disappear.
Read the full article at the LVRG Scrapbook (edited Jan.25, 2009; relocated Apr.13, 2012).
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