Income tax has minimum impact on the pricing system and least black/grey mkts, but requires a high trust polity. VAT screws the pricing system, and expensive to admin, but works for low trust polities by frequent government interference, creates blk/grey mkts.
Source date (UTC): 2019-04-07 02:22:23 UTC
Original post: https://twitter.com/i/web/status/1114715012109619202
Reply addressees: @TimberKerns @BobMurphyEcon
Replying to: https://twitter.com/i/web/status/1114650710941913088
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Original post: https://twitter.com/i/web/status/1114650710941913088
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