2014-10-15

Bill Gates in favor of progressive tax on consumption

I can't believe it! Bill Gates agrees with me! Not that he even knows of me, of course. But in today's article about economic inequality, he dismantles the popular compulsion to counter inequality with debilitating income or capital taxation, and argues in favor of a progressive consumption tax.

I've been making this argument for a while - on this blog, most recently here.

No comments: