-----Original Message----- From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]On Behalf Of Wojtek Sokolowski Sent: Wednesday, August 01, 2007 12:55 PM To: lbo-talk at lbo-talk.org Subject: Re: [lbo-talk] cruise report
Doug:
On Jul 31, 2007, at 8:01 PM, Michael Perelman wrote:
> Why does nobody mention Gravel?
He supports a consumption tax.
[WS:] How is it different from VAT (or sales tax for that matter) that virtually every industrialized and semi-industrialized country on this planet has? E.g. EU countries have VAT that varies from 7% to 22% (luxury items are taxed at a higher rate). What is wrong with that?
Wojtek
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