Brookings: A VAT Is Part of the Solution

[tweetmeme source=”stephenanuno” only_single=false]I think a flat tax is the other part of the solution.  Unlike many folks who think the VAT is evil, I think it has its merits, just as the flat tax does.  The problem with both is that there is strong opposition to them by one party or another for political reasons.  I think a compromise can be made if a mixed approach is taken. This way there is plenty of goodies for everyone and our tax system gets a much needed overhaul that makes our lives simpler. Say goodbye to the heavy homeownership subsidy?  Now seems like a good time to do that.  We have an irrational obsession with making homeowners out of everyone.

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