[I was asked by a journalist about the issue of alternative means of taxation: income tax or consumption tax. Here is my answer.] The tax shift is one of the great games of government. In the game, the government uses the prospect of lowering one tax in order to buy support for raising another. The proposal to move from an income tax to a consumption tax is a good example of the game. The essential key to understanding the trick is to realize that the government wants money and is going to get it one way or another. Zig zagging … Continue reading Income Tax or Consumption Tax?