In preparation of a meeting with Hayek-Followers the next weekend I am reading a paper (Markt und Staat in einer globalisierten Welt: Die ordnungsökonomische Perspektive) from Viktor J. Vanberg.
How is the German State financed? Of course, like any other state, foremost by taxes. There are two main points where the state takes his share: When people earn money (income tax) and when people spend money (consumption tax). The biggest of the latter is the value-added tax (also called purchase tax) which reaches a […]