Tim Worstall
2008-01-27 07:57:40
About the Fair Tax and VATs. I’m not sure you’re quite getting my point.
If the Fair Tax was a VAT it would have many fewer problems (at least from my point of view).
It’s one of the questions I ask in the piece: why don’t people want it to be a VAT? It will work better that way. So why the objection to it?
Yes, a VAT is embedded taxation. That’s why it works better: because it’s more difficult to evade.
