
American Piggybank with Brad Setser
The ACID Capitalist Podcast
00:00
The Left Untame
I worry that with my with the flu still hanging over me, I did say I was referring to China. One of the principal tax raising mechanisms is what we call in Europe, a VAT of are you added or sales? And I was saying that it's kind of regressive because it's a fixed rate independent of incomes. But I mean, there you are, it's a fail of the counts of foreign relations. We live at a time where trade disputes and tariffs and we live in a, we politics, the radicalization domestically in the US.
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