From: Paul C (clyder@GN.APC.ORG)
Date: Fri Jun 04 2004 - 18:23:30 EDT
Anders Ekeland wrote: > At 17:21 02.06.2004, you wrote: > >> How would turnover tax differ from value added tax? > > > Primarily by its simplicity. I tend to be hostile to the idea of a turnover tax because of the Soviet experience. The soviet state balanced its expenditure with a turnover tax, and the existence of such a tax was, I think, a big obstacle to moving from a monetary economy to an economy of the sort proposed in Critique of the Gotha Program. If one is refering to a capitalist economy, then I agree that with all the loopholes existing income taxes are not very progressive. But the response should surely be to remove the loopholes. The only place where I think a turnover tax would be a good idea is on the financial institutions.
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