FauxPolitik

Wednesday, November 27, 2002

Whither Taxes: I'm for cutting out corporate taxes assuming you lop off the subsidies and "corporate welfare." I'm against consumption taxes, or value-added taxes. They're popular in Europe because they go to extraordinary lengths to hide their income, but they are very disproportionate in their impact. To wit, a $1.00 hotdog costs the same for everyone, but for the person who makes $17,500 a year, it's much larger impact on him than she who makes $175,000 a year. This only works of course if you buy into the idea that taxes should be progressive at all.

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