Inequality.org

connecting the dots on a growing divide

Polly Cleveland: Taxing Carbon is Like Taxing Diamonds

In general, sales taxes are indeed regressive; moreover, as I recently argued, sales taxes are partly “passed back” onto suppliers, hitting small businesses hardest. But wait… Imagine that we impose a sales tax on diamonds. Would we worry about the burden on middle class purchasers of one-fourth-caret engagement rings? What about the part of the […]

Page 1 of 212