@slightlylate curious about your opinion on replacing income tax w/ a flat VAT tax w/ a low-income floor & exempt essential goods (Fair Tax)
Really sad to see Mankiw cherry picking :-( "The Progressivity of the Current Tax Code" http://feedly.com/k/1knaFMv
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@csuwildcat why is the floor ok but sliding scale not? Moral apprehension at the effects without?
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@slightlylate ...if you made less than a certain amount you pay no tax, and essential goods (groceries, gas, rent - w/ limits) aren't taxed -
@csuwildcat Usage taxes are hugely regressive and prevalent (sometimes for good reasons). Not represented here. Cherry picking :-( - 1 more reply
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