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October 31, 2011 09:46 am PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/MmjRm4CQ7aU/sales-tax-is-still-regressive-gravity-still-sucks-and-george-osborne-is-still-a-delusion
Sales tax is still regressive, gravity still sucks, and George Osborne is still a delusional ideologue
In 2010, UK Chancellor George Osborne surprised the world's economists by declaring that VAT (the UK's ubiquitous sales-tax) was a progressive tax; this is surprising because there's widespread agreement that sales-taxes are regressive, and bite harder on poor people than rich people. Now the Office of National Statistics has confirmed what economists (except Mr Osborne) [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/MmjRm4CQ7aU/sales-tax-is-still-regressive-gravity-still-sucks-and-george-osborne-is-still-a-delusion
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