So, I guess it is "okay" to have the Bush-Administration put income taxes on holiday (below revenues for several years, even), but it's not o.k. to even have a summer of consumption tax breaks...
Listen to some of these people argue, you'd think that the price-elasticity of demand - that vexing quantity that you'd never, ever hear a Pigou-Club dunce-cap wearer mention, was not near zero, even in the mid-term.
Meanwhile, the hopes of a globally coordinated windfall-profits tax seems slim, although they have been after it in Europe, arguably, more studiously than in the USA, where everyone knows that our justified reluctance to trust the government and oil companies to protect the environment has caused all kinds of hand-wringing potential...
Saturday, May 3, 2008
Right Is Loving No Consumption Taxes "Holiday"
