Thread: Economics The Fiscal Cliff Approacheth
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Old 11-24-2012, 10:18 AM   #220
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Quote:
Originally Posted by BigRedChief View Post
I haven't read anything lately about consumption vs. production tax revenue. But, what I have read about consumption taxes were that they were unbalanced and unfair compared to benefits.

Basically, it's easy to build a highway road and pay for it with a toll. It's not so simple for city and county roads, food, clothes, water etc.
Estonia handled its fiscal cliff and revived their economy by keeping down their income tax (taxing production) and slightly increasing its consumption tax.
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