VAT and jobs
There is currently a seemingly endless and definitely time consuming debate in Europe about the reduction of the VAT taxation of a number of goods and services. The objective, proponents say, is to create jobs. I may have forgotten many important things from my economics classes, but I really don't see how the reduction of a tax on added value will induce the creation of jobs... There is one word at the back of my mind: demagogy.





Alex, I think politicians talk about *their* jobs!
Posted by: David | Wednesday, January 25, 2006 at 11:44 AM
Oh right! Now it all makes sense. How stupid of me. Thanks David ;)
Posted by: alex | Wednesday, January 25, 2006 at 03:05 PM