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Against a Value Added Tax

Against a Value Added Tax

Over at Investor’s Business Daily, Wayne Crews and I make the case against a Value Added Tax. Policy makers have been flirting with the idea as a way to reduce the $1,400,000,000,000 budget deficit.

We argue that a VAT is:

-Complex; it would require roughly doubling the size of the IRS.

-Untransparent; most VATs don’t show up on receipts the way sales taxes do. Taxpayers are clueless as to how much tax they actually pay.

-Vulnerable to special-interest tinkering; politically incorrect goods are routinely…

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Posted in Deregulate to Stimulate, EconomyComments (0)

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America’s Ranking Crisis

America’s Ranking Crisis

With every passing month, the United States falls further behind the global leaders in broadband Internet access thanks to a combination of market and policy failures…Our broadband problem is becoming a crisis.
- Free Press, 2006

Much ink has been spilled over the claim that the US is “falling behind” in broadband. Most of that rhetoric centers around a single statistic: the Organisation for Economic Co-operation and Development (OECD) ranks the US 15th in the world in broadband connections per capita. The…

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Posted in Stimulus to Nowhere, Tech & TelecomComments (0)

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