By Abdu Rafiu
For the ringside observers the fall of Mary Elizabeth Truss was dramatic and too soon. For financial experts and economic gurus it was seen coming and with speed. It all had to do with her tax reforms. What had hitherto prevailed was to tax corporations and companies heavily. The generality of people would clap for that everywhere.
Taking from the rich for the poor or the society as a whole is considered normal and the argument for it unassailable. What the wealthy have is usually regarded as common patrimony from which a handful out of smartness cornered a huge chunk. But to finance public bills, there are other forms of taxes. VAT is one of them. Whether one is endowed materially or one is in the middle class or is poor, VAT does not discriminate: VAT is VAT.
