Follow-up on Rothbard and consumption taxes

posted by
October 26, 2011
Free Advice
by Robert P. Murphy  
Posted in Commentary

"[W]hat Rothbard is getting at here, is that you have be more careful in thinking through the mechanism through which the imposition of a sales tax may (ultimately) lead to the consumers paying higher out-of-pocket prices. It’s easiest to first consider a really narrow and steep tax, like a 1000% surcharge on cigarettes at the retail level." (10/25/11)  


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