Tuesday, October 20, 2009

Bruce Bartlett is rapidly...

...becoming one of my new heroes (he's not obsessively wedded to ideology). In an interview with Money Magazine, he talks about the VAT (value-added tax). He quotes Larry Summers:

We don't have a VAT because liberals think it's regressive and conservatives think it's a money machine. We'll get a VAT when liberals figure out it's a money machine and conservatives figure out it's regressive.

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