Drudge Retort: The Other Side of the News

Drudge Retort

User Info


Subscribe to Corky's blog Subscribe


Special Features

Saturday, January 28, 2023

A former evangelical tracks the rise of white Christian nationalism -- and looks ahead to where the movement goes next. read more

Friday, January 27, 2023

Writer Charles C.W. Cooke went after former President Donald Trump and the ivory tower that is his social media site Truth Social. In a new piece for National Review, Cooke declared that Trump has "completely lost" it.

Tuesday, January 24, 2023

What Speaker McCarthy said about M. Traitor Greene.

Jan 24, 2023 Conspiracy theories feel like they get dumber every day. Just heard a brand new one, so I thought I'd rant and rave on the subject, as I often do.

Sunday, January 22, 2023

Christian nationalism attempts to sanctify oppression and not liberation. It attempts to sanctify lies and not truth. At best it's a form of theological malpractice. At worst, it's a form of heresy. - Rev. William J. Barber II


"Gale, the FairTax critic, is actually a vocal advocate for adopting a VAT in the US. I like his idea of pairing a 10 percent VAT with a small universal basic income to make sure low-income people come out ahead.

He estimates the bottom 20 percent of earners would see their incomes rise by nearly 17 percent as a result, while households with income above $90,000 or so would pay more.

If you use some of the revenue to pay for the now-expired expanded child tax credit, the net effect would likely be a substantial reduction in poverty.

You could also, as Columbia professor Michael Graetz and Sen. Ben Cardin (D-MD) have proposed, use the VAT to exempt all but the wealthiest individuals from the income tax, by creating standard deductions of $50,000 or $100,000 for couples.

This isn't as progressive as using it for a UBI, but it would vastly simplify income tax collection and enable the large majority of Americans to not worry about filing taxes ever.

Economist Larry Summers once noted that a VAT has not been adopted in the US because "liberals think it's regressive and conservatives think it's a money machine" that's a little too good at raising revenue.

But if conservatives realized it's regressive and liberals realized it's a money machine, he quipped, maybe it could happen.

The popularity of the FairTax suggests conservatives understand very well that sales taxes are regressive.

But their plan is extremely half-baked. Maybe if they let liberals use it as a bit of a money machine, we might get somewhere."

from the above link

Drudge Retort

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2023 World Readable