Author(s): PETERSON CARL
"Sustainable Economics" was the first New Zealand book to examine the merits of a purely GST type consumption tax. The hypothesis put forward suggested that a 25% GST would fund all existing government liabilities. The writer has since come to understand that the positive aspect of the consumption tax is not in the revenue thereby collected, but rather in the added savings and investments (surplus) that such a tax would expedite. It so happens that there is at the moment a strong lobby in the United States pushing for the adoption of just such a system for that country. This US movement gives "Sustainable Economics" a greatly renewed credibility, and perhaps underlies our unique opportunity to go beyond American thinking to be leaders in the next economic generation.