The Free Market Mojo site asked me a number of interesting questions about public policy. I’m not sure all of my answers were interesting, but here are some snippets that capture my curmudgeonly outlook. I think it’s important to divide the topic into two issues, the policies that cause short-run fluctuations and the policies that […]
read more...In a very predictable editorial this morning, the New York Times pontificated in favor of higher taxes. Compared to Paul Krugman’s rant earlier in the week, which featured the laughable assertion that letting people keep more of the money they earn is akin to sending them a check from the government, the piece seemed rational. But […]
read more...After my recent post on “bashing the IRS,” I got several emails and comments asking whether a national sales tax might be a better idea than the flat tax. I’m a big fan of proposals such as the Fair Tax. I’ve debated in favor of the national sales tax, done media interviews in favor of […]
read more...Paul Volcker is a typical Washington insider who maintains his favorable connections by endorsing bigger government. In recent months, he’s been busy supporting a value-added tax. Now he is saying that it is absolutely critical to address the deficit. Here’s and excerpt from a Bloomberg report: Former Federal Reserve Chairman Paul Volcker, a top outside adviser […]
read more...Only in the artificial bubble of Washington do you find people who are willing to make preposterous statements such as those contained in this David Ignatius column. He writes that we should adopt a value-added tax to avoid a Greek-style fiscal crisis, appararently oblivious to the fact that Greece adopted a VAT and still had […]
read more...A former Governor of Delaware, Pete DuPont, explains that a value-added tax means bigger government and slower growth. This issue is very important since Obama clearly is trying to set the stage for imposing this European-style national sales tax in the United States: The VAT has been in use in the European countries since the […]
read more...His article doesn’t completely slam the door on a value-added tax, but Robert Samuleson’s piece in the Washington Post does highlight some of the very serious problems with a VAT – including more government spending, burdens on families, additional complexity, and more corruption: Almost every pro-VAT argument is exaggerated, misleading, incomplete or wrong. The VAT […]
read more...Last Thursday, the Senate took a vote on a non-binding “sense of the Senate” resolution concerning a Value Added Tax. The result was an 85-13 victory for the anti-VAT side. The roll call can be found here. The statement of purpose read as follows: Expressing the sense of the Senate that the Value Added Tax […]
read more...Caroline Baum of Bloomberg has a good column against the value-added tax, in part because she quotes me, but more so because she effectively explains that a national sales tax like the VAT would be an add-on tax that would finance much bigger government: As Americans awake to the 2009 tax-filing deadline today, they can […]
read more...My life is now devoted to saving America from the European-style national sales tax known as the value-added tax. Writing in the New York Post, I explain that the impact of a VAT in Europe is bigger government, not smaller deficits: The real-world evidence shows that VATs are strongly linked with both higher overall tax […]
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