Thursday, November 10, 2005

Social Security reform Thursday – Will Franklin looks at the rise of payroll taxes, debt and unemployment in Germany. Is it a glimpse into our own future? It's not encouraging.

1 comment:

ATMX said...

This is why advocate shifting from payroll taxes to a sales tax or VAT. These taxes won't increase the tax burden for domestically produced goods produced for domestc consumption, will reduce the burden for goods produced for export, and will increase the burden for imports used for domestic consumption. And if we tax different goods such as food at very low rates we can eliminate the Earned income tax credit which was intended to offset the payroll tax.