Topic: Expenditure Tax

1 chapters across the catalog

Wiener-Gate
Episode 308 1:51:57 - 1:57:11

308: Wiener-Gate

Consumption Tax vs. VAT, Expenditure Tax Debate

A debate on John Stossel's program regarding a "consumption tax" is analyzed. The proposed tax is distinguished from a Value Added Tax (VAT) by being an "expenditure tax" that shields savings and investments. Critics argue this system would require the government to track all personal spending and would ultimately favor Wall Street by penalizing those who do not invest in traditional financial products.