[Marxism] Addendum Re: VAT
shmage at pipeline.com
Fri Oct 16 11:38:28 MDT 2009
A supplementary note.
Within the very richest segment (those with an income elasticity of
consumption approaching zero) VAT would become almost flat (as a
percentage of consumption) or somewhat regressive (as percentage of
income). Given the ability of the superrich to evade income tax, the
net effect of VAT would still be progressive even at the superrich
> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
> Herakleitos of Ephesos
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