Quote:
Originally Posted by Finner
You mean the GST cut the UK just instituted as well? Are you kidding me? We should be cutting it more.
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While the GST may be an efficient tax, lowering it from 7 to 5 was a good idea. It makes things simpler, it aids perception and while its easy to tax consumption, the economy relies heavily on people consuming.
The only way I would advocate a rise in GST is if its in concert with an elimination of income taxes. Like the "Fair Tax" proposal in the US. Even that has its dark side.