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Paul Krugman

@paulkrugman ↗

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Last Checked March 23, 2019

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Sat Mar 04 16:18:05 +0000 2017

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Paul Krugman @paulkrugman

The VAT does *nothing* to competitiveness. The wage subsidy might, but probably offset by dollar appreciation. Big misunderstanding — PolitiTweet.org

Posted March 4, 2017 Hibernated

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Paul Krugman @paulkrugman

Reality: it replaces corporate profits tax with a VAT, then uses part of proceeds to subsidize employment https://t.co/Ahv3mONkhC — PolitiTweet.org

Posted March 4, 2017 Hibernated

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Paul Krugman @paulkrugman

But the misunderstanding was part of the sales pitch. So the backlash from retailers is poetic justice even if not quite right — PolitiTweet.org

Posted March 4, 2017 Hibernated