There is, however, an alternative course that could (1) shrink the deficit, (2) promote economic growth ... economy on earth and adopt a value-added tax.

Value-added taxes are a tax on domestic consumption ... wrote in a 2019 paper for the National Bureau of Economic Research. More than 170 countries worldwide use VATs, according to the European ...

Goldberg, Ray A., and Kerry Herman. "Nestle's Milk District Model: Economic Development for a Value-Added Food Chain and Improved Nutrition." Harvard Business School Case 906-406, November 2005.