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View Diary: Robert Reich Gets It Right (171 comments)

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  •  Why not a VAT? (0+ / 0-)

    Basically there are three options:

    1. Tax the rich.  A popular idea, but the math does not add up

    2. Cut spending.  Can't see this happening

    3. Find new source of revenue.  If you can't get enough revenue from income and corporate taxes, this may be the only way to narrow the budget gap

    Of course, a VAT needs to be part of larger tax reform

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