#Consumption tax

Authored by David Stockman via Contra Corner blog, During more than four decades in Washington and on Wall Street it is quite possible that we never picked up any useful skills. But along the way we did unavoidably acquire what amounts to a survival tool in those fair precincts - namely, a nose

In case you missed it, South Korea has introduced what is being called the world's first tax on robots amid fears that machines will replace human workers, leading to mass unemployment. Of course, one can't actually tax robots so what they're actually doing is changing the corporate tax code to

Submitted by Daniel Mitchell via The Foundation for Economic Education, Back in 2014, I shared some data from the Tax Foundation that measured the degree to which various developed nations punished high-income earners. This measure of relative “progressivity” focused on personal income taxes. And