On Sun, Aug 9, 2009 at 5:22 PM, Jim Devine<[email protected]> wrote: > "Miracle" Max Sawicky wrote: >> GM has been beating the drums for Pigou taxes for a long time. ... > > I thought GM was bankrupt.
GM the firm, I guess. About GM the economist, my view is he makes weasels hide their heads in shame. >> In general the assumption that the VAT and similar taxes are passed to >> the consumer I think are exaggerated. To be sure some of the burden >> shows up in prices, but there is evidence of incomplete 'ratification' of >> the VAT in price increases, which means some of it is shifted backwards. >> So the regressiveness of green taxes may be somewhat less than >> supposed. > > might a VAT be passed backward to the workers who produced the items > being taxed? Yup, though in distribution analysis a consumption tax is way more regressive than a wage tax. > > anyway, isn't the regressivity of green taxes supposed to be > compensated for by refundable tax credits for the poor or something > like that? Depends on who is proposing them. Everybody has their own idea about what to do with the money. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
