VAT and Employer's NI are the worst taxes (3)

The European Central Bank's economists* have established that sales/turnover taxes** and social security contributions are the worst taxes, and have a far more damaging effect than taxes on personal or corporate incomes, see page 19 of this.

I told you so! I told you so!

* As well as admitting that government spending is bad for economic growth, well, duh...

** The delicious irony of all this being that VAT is imposed by the ECB's Lords and Masters, the EU ...

Hat-tip, Stumbling & Mumbling