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The way to go for economic value added progress is to increase VAT or value added tax and other tax related taxes; said the IMF boss lady. I can't say for certain if the simple minded economist wouldn't buy her words. My response; At face value this statement sounds reasonable, but on close examination it is really the most absurd argument and shows total ignorance(or deceptive skill) of how the economy functions. Taxes do not produce national wealth and development. Wealth has to be pro...duced out of nature – from tilling the land or mining metals or felling trees or turning raw materials into finished products for human consumption. These things are done by the vast majority of the population who are peasants and workers. There would be no incomes to tax or VAT if the labouring population did not work to produce. The incomes given to civil servants, professionals, merchants, etc. come from the store of wealth produced by the community. Quite apart from the injustices in the distribution of wealth, one has to dismiss the argument that ‘the tax payers’ money’ is what develops a country