3 ms·
As the only tax without deadweight loss, a LVT is fundamentally different from a tariff. And in fact the devastating economic effects of tariffs are one of the
by epistasis 2y ago
As the only tax without deadweight loss, a LVT is fundamentally different from a tariff. And in fact the devastating economic effects of tariffs are one of the primary reasons the LVT gained traction a bit more than a century ago.