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He is the perfect leader for the IMF,here is the latest IMF proposals for debt ridden countries:
[LEFT]
Quote:
[LEFT]It also suggested improving collection of value-added taxes in countries that already have such measures, and implementing them in places like the United States that do not.
"For instance, introducing a VAT in the United States, and doubling the very low VAT rate in Japan, could raise 4.5% and 2.6% of GDP, respectively, in those countries," the Fund said.
Other useful options include increasing levies on alcohol, tobacco and fuel, adopting a tax on carbon emissions, and raising property taxes.
Wow, that seems like quite a shift for the IMF. Guess the strategy of privatizing absolutely everything isn't very successful for the inhabitants of countries that need those loans.
Have to say I'm surprised by the response since a lot of posters on this board seem to be in favor of cutting debt, which is what those measures would do.
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