Re: The Wisdom of the OECD

The Wisdom of the OECD: From Mankiw, excerpts of the OECD survey of the U.S. economy:

Substantial increases in the federal minimum wage are planned; however, increases in the Earned Income Tax Credit would achieve the same objectives more effectively and with less risk of job losses.

Why haven't I ran across that logic before? (That I have the expertise to assert soundness or validity to it...)

And:

consideration should also be given to shifting the tax burden from direct taxes to consumption based indirect taxes – such as a national sales tax or a value added tax. This would produce efficiency gains, including reducing disincentives to saving

Hmm...