Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this?
This week, you are tasked with exploring the proposition of implementing a national tax on consumption. As you work on your proposal, please be sure to answer the following questions:
What other countries are doing this and to what degree of success?
How would this work? What/who would and what/who would not be taxed?
Who wins (and to what extent)?
Who looses (and to what extent)?