[…] The Basic Income and the Value-Added Tax: I’m not sure I’m “most likely to be wrong” on BIG+VAT, but I do think it’s the policy advocacy position where my confidence in advancing it is the least-well-matched by the sensus communis. Call it the “largest gap between my estimation of the evidence and the general estimate.” This blog got its title by my mixed feelings about utopian theorizing, but with BIG+VAT I do feel a bit like a utopian. But beyond all the naysayers, there’s even some recent evidence that consumption (which a VAT would disincentivize) is an important component in reducing poverty. This suggests one reason to prefer income redistribution over VAT, and so the whole edifice is certainly shaky if the right empirical evidence comes along. […]