This is an interesting piece in Slate that seemed especially appropriate to look at given the presidential debate last night. The whole piece deals with Trumps most detailed economic tax plant to date. The part which I was particularly drawn to, given what we have covered in class, was towards the end when a VAT tax was discussed in relation to trade.
Concluding on the issue with two salient points that go back to who ultimately is burdened by a tax where the author, Jordan Weissman writes, " First, nobody actually thinks that companies pass on the corporate tax to shoppers. Instead, shareholders and workers eat it in the form of lower pay and wages. Second, because our tax code is shot through with holes and companies are good at stashing money abroad, corporations don't typically pay the full statutory rate on their profits."
http://www.slate.com/blogs/moneybox/2016/09/26/donald_trump_s_economic_plan_is_still_god_awful.html
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