Public revenue crisis in Brazil
'President] Lula enjoys the full support of the more progressive sectors of the Workers Party for one major financial reform he is proposing-- a restructuring of the country's tax system. At present tax revenues come overwhelmingly from a value added tax. This means that approximately 24% of the income of the poorest fifth of the population goes to pay taxes while the upper fifth pays only 12%. Lula is calling for a progressive income tax that would shift the burden away from the poor.'

Land value taxation is the reverse of value added tax, or GST. It is progressive in nature, due to the fact that property is unequally held. It also serves as a stimulus to economic activity. Its an ongoing tragedy that progressive/left forces of the world continue to overlook this policy.

Public revenue crisis in Brazil
'President] Lula enjoys the full support of the more progressive sectors of the Workers Party for one major financial reform he is proposing-- a restructuring of the country's tax system. At present tax revenues come overwhelmingly from a value added tax. This means that approximately 24% of the income of the poorest fifth of the population goes to pay taxes while the upper fifth pays only 12%. Lula is calling for a progressive income tax that would shift the burden away from the poor.'

Land value taxation is the reverse of value added tax, or GST. It is progressive in nature, due to the fact that property is unequally held. It also serves as a stimulus to economic activity. Its an ongoing tragedy that progressive/left forces of the world continue to overlook this policy.