I'm Blogging Again—And Yes, the First Post Is About Destination-Based Cash Flow Taxation
Talking About Economics Less This Time (Not Much Less, Probably, We'll See)
I’ll be blogging again, more frequently this time. I’ll spare you a gratuitiously verbose ‘why I’m back’ post. My about page should have everything you need to know, anyway.
I’m writing this post for two reasons. First, to have something on my dashboard. I’ve archived all my older posts, but I’ll probably rewrite and re-post some of them soon. Second, to share that I have a new piece, essentially a primer on cash flow taxation and border adjustment, published on Cremieux’s substack. It’s another step in my quest to share the beauty and importance of consumption taxation with the masses, I guess.
A wonderful piece Jason. I subscribed.
This beautifully articulates the merits of consumption taxation and how “consumption taxation” doesn’t need to come as a sales tax or VAT.
I just added some information from this essay to my upcoming piece on consumption taxation. I arrived at the conclusion that VAT is likely the simplest mechanism but I make mention of DBCFT as an alternative.
DBCFT is likely more viable because it avoids regressivity…well…at least the perception of regressivity.
I can see DBCF tax as substitute for business income taxation. But I don't see any point in business income tax itself. I say tax personal consumption progressively (~ income tax with unlimited 401K deductions), + a VAT for "horizontal" social insurance transfers, + taxation of net CO@ emissions with total revenue to make deficits = Σ(expenditures with NPV>0).