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Consumption taxes are coming!
Consumption Taxes Energy Taxes Carbon Taxes!! You name it Taxes
serf
http://www.forbes.com/sites/timworstall/2014/03/18/bill-gates-points-to-the-best-tax-system-the-progressive-consumption-tax/#378f492fdec6
https://www.imf.org/external/pubs/ft/wp/2015/wp15105.pdf
http://thebulletin.org/“market-failure”-and-nuclear-power9703
In summary, environmental damages from energy subsidies arelarge,and energy subsidy reform through efficient energy pricing is urgently needed. While there may be more efficient instruments than environmental taxes for addressing some of the externalities,
energy taxes remain the most effective and practical tool until such other instruments become widely available and implemented. Similarly, although it may not be realistic to raise energy
prices to efficient levels in one step, since there are uncertainties in the estimates of efficient levels of taxes, countries s
hould take advantage of the low international energy prices and gradually move toward efficient energy pricing.
serf
http://www.forbes.com/sites/timworstall/2014/03/18/bill-gates-points-to-the-best-tax-system-the-progressive-consumption-tax/#378f492fdec6
https://www.imf.org/external/pubs/ft/wp/2015/wp15105.pdf
http://thebulletin.org/“market-failure”-and-nuclear-power9703
In summary, environmental damages from energy subsidies arelarge,and energy subsidy reform through efficient energy pricing is urgently needed. While there may be more efficient instruments than environmental taxes for addressing some of the externalities,
energy taxes remain the most effective and practical tool until such other instruments become widely available and implemented. Similarly, although it may not be realistic to raise energy
prices to efficient levels in one step, since there are uncertainties in the estimates of efficient levels of taxes, countries s
hould take advantage of the low international energy prices and gradually move toward efficient energy pricing.
Comments
I wonder if there is a connection.
Brad Steele
Pot is now legal in Washington State.
I wonder if there is a connection.
All depends on your habits but if you read the links then manual jobs are going away with A.I. Robots doing the labor so labor will not be taxed but consumption taxes will be levied. Hell I will be in the nursing home by then if don't poison me first!
serf
surprised there is not a crap tax....i mean so much of it comes out of DC it would seem inevitable
DC usually exempts itself from the crap they hand us.
surprised there is not a crap tax....i mean so much of it comes out of DC it would seem inevitable
Didn't think of that. If we could tax DC crap we could have the national debt paid off by next Wednesday.
I should expect a Federal VAT tax.